I would greatly appreciate any information on this you have.
My daughter has heard that now eBay sends out a 1099 form at the end of the year with what you made on eBay and of course to Internal Revenue. Was wondering if this is true or not. She (and I at times) was thinking of selling some things (non metaphysical) on eBay but cannot do it if they send that form.
My daughter has sold on eBay before...about 4-5 yrs ago, and they didn't then, but things have changed a bit since then we have heard. Prices are higher for sure.
In fact, any info on how they now operate will be very much appreciated.
Question for eBay Sellers......
- Princess:LadyRedStar
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- Raven
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Paypal sends out a 1099-K form to anyone whose annual gross payment volume exceeds $20,000 and has over 200 transactions. The Paypal link below has several FAQ's concerning it, and if you scroll about halfway down the page, there's the info on the 1099-K.
https://cms.paypal.com/us/cgi-bin/marke ... s/IRS6050W
Hope this helps!
https://cms.paypal.com/us/cgi-bin/marke ... s/IRS6050W
Hope this helps!
SAPPHIRE CHIRETTA
ZOMBIES & SANDRA BULLOCK
"The woods are lovely, dark and deep. But I have promises to keep, and miles to go before I sleep." - Robert Frost
"Well, John wasn't exactly the boogeyman. He was the one you sent to kill the f****** boogeyman." - Viggo Tarasov, John Wick
ZOMBIES & SANDRA BULLOCK
"The woods are lovely, dark and deep. But I have promises to keep, and miles to go before I sleep." - Robert Frost
"Well, John wasn't exactly the boogeyman. He was the one you sent to kill the f****** boogeyman." - Viggo Tarasov, John Wick