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t213	06-28-2013 04:42 AM

Ebay Selling

Is there a limit on how many auctions you sell, or the dollar amount sold on Ebay or paypal before they send you 1099s?

thanks,
Andy

Shoeless Moe

06-28-2013 06:00 AM

I believe its $20,000, anything over, must be reported.

ibuysportsephemera

06-28-2013 07:03 AM

The other test is the number of transactions completed. You must also have 200 separate transactions.

thehoodedcoder

06-28-2013 07:15 PM

20k in transactions and over 200 transactions. you must satisfy both requirements. if not your in the clear.

kevin

t213	06-28-2013 08:21 PM

Thanks

thecatspajamas

06-28-2013 09:05 PM

Just to be clear, those are the thresholds at which Paypal automatically sends a report to the IRS. Coming in below that threshold doesn't automatically relieve you from whatever tax obligations you might have as a result of your selling activities.

thehoodedcoder

06-29-2013 06:19 AM

i personally don't pay taxes on anything that i don't have to. you guys can give your money to the government if you want to :)

kevin

peterose4hof

06-29-2013 07:22 AM

Quote:

Originally Posted by thehoodedcoder (Post 1152168)

i personally don't pay taxes on anything that i don't have to. you guys can give your money to the government if you want to :)

kevin

Well said Kevin. I completely agree.

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