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#1
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I mainly wonder what the unlicensed non tax paying "Dealers" are going to do. One I know of still has a ton of stuff listed on eBay. Bobby what are you personally going to do? I rarely sell on eBay but have a bunch of oddball stuff I need to sell that will be over $600. I will probably sell some cards also. I need to talk to my current tax adviser but my guess is I will just have to pay income tax on the total because most of it was bought several years to decades ago and I have no proof of purchase price. Last edited by bnorth; 01-26-2022 at 01:09 PM. |
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#3
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Oh boy - and a lot more fraud is on the way... not that fleabay provided a lot of protection from fraud (at either end - buying or selling), but there was something there.
__________________
fr3d c0wl3s - always looking for OJs and other 19th century stuff. PM or email me if you have something cool you're looking to find a new home for. |
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Fraud is acceptable in this industy.
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I sell about 30-40K per year on ebay (basically a part-time job) and have always reported them on my taxes so it's really no big deal to me.
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#6
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I sold over $20.k on ebay, 2021. I go to the ebay Account area, see the "tax" section, and see where the 1099-k should be. Just checked today Jan. 26th, still nothing, no 1099-k document showing. I also have not received any ebay tax document in the mail. Have you all yet received or can print the 1099-k from ebay site?
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#7
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And technically the 1099s aren't due till 1/31, so they still have a few days. |
#8
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+1 - Sounds just like me.... No big deal...
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