I am a very casual seller and I do not want to complicate my taxes so I
do not want to deal with the 1099 at all. I am only selling items up to
the $600 limit. Let's say I sell $500 in goods and $101 in shipping
costs ($601 total). Will ebay send me ...
I sold an item that cost $30 dollars for me to ship to the Ebay Shipping
Center in the US, but the buyer payed an additional $75 to ship to
Europe. Is that $75 added to MY GROSS PAYOUTS? As a small "garage sale"
type seller on ebay, i'm not intereste...
@nocoolnamejane I understand SSN is how Ebay links the 1099 to ME, but
that's not what I mean. When I claim ebay income in my taxes, it just
gets entered as additional gains. How does THAT get linked to the Ebay
sales? If Ebay is now sending my addit...
Thank you all who understood my sporadic question about the global
shipping cost. I think you are all correct in that the GSP cost is not
added to the sellers total sales. For others of you, I'm sorry if you
can't imagine someone who doesn't want to ...
@janet9988 Yes, but not everything sold on ebay is "income" - reselling
goods for equal or lesser value is not taxable. I don't want the tax
hassle, it's not worth it to me, so my goal is to stay below $600 and
avoid it.
@lamber9347 I believe only sales over $600 will be reported by Ebay to
IRS See here: "As of January 2022, the IRS will now require all annual
online sales over $600 to be reported using Form 1099-K."
https://community.ebay.com/t5/Selling/ebay-posts-a...
