Ebay made the official statement on Dec. 2nd FYI. here is the link. This
will be a huge undertaking for all online platforms and likely the end
of them too. Millions of sellers will jump ship Jan 1st.
https://community.ebay.com/t5/Announcements/A-big...
You still have to file it but when you file you will put your costs
(better keep all your reciepts) to end up making it zero out. No way
around reporting it. It is a pain for anyone not doing ebay as a full
time or part time business.
Jan 1st 2021 this goes into effect per the American Rescue Act (you will
get a 1099k on sales totaling $600+ for 2022 in 2023 and ongoing
thereafter). However I have not heard a peep from ebay and their 1099k
is still set at 200 transactions and $20,...
