Quote:
Originally Posted by philliesfan
When is ebay going to start sending the IRS sales information? Or did they already start? I sell things for a friend and I don't want to be accountable for those sales. Maybe I should have him start an ebay account and list things for him on there.
Bob
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I believe you will get a 1099 on any sales you have, if you have more than $600 in a year. It used to be if you exceeded $20K of sales and 100 or 200 transactions, but the threshold now is lowered significantly. So you certainly should consider having your friend open a separate account for his activities.