|
#1
|
|||
|
|||
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
__________________
Seeking T210, T211, T214 and T217 in any condition! |
#2
|
|||
|
|||
I believe its $20,000, anything over, must be reported.
|
#3
|
||||
|
||||
The other test is the number of transactions completed. You must also have 200 separate transactions.
|
#4
|
|||
|
|||
20k in transactions and over 200 transactions. you must satisfy both requirements. if not your in the clear.
kevin |
#5
|
|||
|
|||
Thanks
__________________
Seeking T210, T211, T214 and T217 in any condition! |
#6
|
||||
|
||||
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.
__________________
Ebay Store and Weekly Auctions Web Store with better selection and discounts Polite corrections for unidentified and misidentified photos appreciated. Rude corrections also appreciated, but less so. |
#7
|
|||
|
|||
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 |
#8
|
||||
|
||||
Well said Kevin. I completely agree.
|
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Ebay Selling Limits??? | gashousegang_1 | WaterCooler Talk- Off Topics | 11 | 08-01-2011 09:53 PM |
Mastro selling on Ebay??? | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 8 | 04-09-2008 05:25 PM |
Selling on eBay ... should I not during the National? | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 2 | 07-30-2007 08:52 AM |
EBAY new selling page | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 3 | 04-28-2007 01:09 PM |
Despicable ebay selling | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 4 | 10-02-2003 07:58 AM |