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TOPIC: Significant eBay Taxation Change

Significant eBay Taxation Change 2 years 11 months ago #1

FYI for those it might affect:
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It’s going to become harder to avoid telling the IRS about income from selling stuff online. Here’s what to know

Effective next year, sellers on certain online platforms like Etsy and eBay will receive a 1099-K if their sales are at least $600, down from the current threshold of $20,000 with a minimum of 200 transactions.

www.cnbc.com/2021/03/26/its-going-to-get-harder-to-avoid-telling-the-irs-about-income-from-online-sales.html

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Significant eBay Taxation Change 2 years 11 months ago #2

I thought this was going to be about sales tax. eBay has been collecting and paying that for more and more states.
My online token shop: www.tdtavern.com

We buy, sell, and trade True Dungeon tokens. We also have a convenient consignment program where you can sell your own tokens.

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Significant eBay Taxation Change 2 years 11 months ago #3

Kirk Bauer wrote: I thought this was going to be about sales tax. eBay has been collecting and paying that for more and more states.


Yep, that's been happening here in Indiana for eBay for awhile now.

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