Ebay tax reporting drops from $20,000 to $600

[Gorditadogg]

Originally Posted by hockeyhockey

the 1099 portion of this is a question i hear a lot from people who are casual sellers. and i'm far from a tax expert (and haven't read far into this thread), but maybe bob c can answer this:



with regards to the 1099, are people paying for the total amount collected on the cards, or is the amount you paid for the card taken into consideration?



sorry if this was answered already.

You subtract the cost of the card and all your expenses connected with selling it.

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