Quote:
Originally Posted by BobC
Ebay is only the platform for these sales, and the new 1099-K reporting threshold isn't being imposed on Ebay, just those third-party payment services like Paypal, Venmo, or Zelle. Only Ebay sales using payment services like these get included in 1099-K reporting, not sales using checks, MOs, or credit cards. It is all about the government having access to your records if they want/need to go checking you out. It wasn't suddenly saying anyone doing $600 or more in casual sales is now considered to be in a viable, ongoing business.
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I agree with everything what you said, besides this paragraph. Some great information BTW with so much misinformation out there.
eBay has a mandatory managed payments program now. Nothing is fed through third-party payment services anymore. So, eBay will be sending out 1099-K forms through these new regulations.