Anywhere besides ebay?

Welcome to our Antique Bottle community

Be a part of something great, join today!

hemihampton

Well-Known Member
Joined
Oct 6, 2006
Messages
9,158
Reaction score
6,182
Points
113
25 Years ago you didn't have people on ebay with 10 million feedback because they are selling 500,000 items listed a week or month at a time like you see nowadays. Some people make hundreds of thousands of dollars making ebay selling a full time Job. Because of this the IRS/Government decided they needed to crack down on all this lost tax revenue. now even the little small time seller has to pay taxes.
 

M.C.Glass

Well-Known Member
Joined
Aug 8, 2012
Messages
307
Reaction score
74
Points
28
Location
Macomb, MI
They’re arm-extended over your head in debt. They are going after everything and everyone. The IRS has hired hundreds of new agents/auditors.
 

hemihampton

Well-Known Member
Joined
Oct 6, 2006
Messages
9,158
Reaction score
6,182
Points
113
Thay are going to need them to deal with the Millions of ebay sales daily. LEON.
 

East_Tn_Bottle_Guy

Well-Known Member
Joined
Apr 4, 2021
Messages
255
Reaction score
282
Points
63
Location
Greeneville, Tn.
I sold my Green Orange Crush in here in advertise/for sale category for $150 so it does work. Another BAD thing about ebay, is some people don't know it, but be prepared to get the shock of your life when ebay sends you a 1099 IRS Income Tax Form to fill out this coming January. LEON. :mad::mad::oops:o_O
I read that a 1099-K is only issued if you sell over $600. They still take sales tax, buy that's an automatic charge and doesn't require a seperate payment.
 

hemihampton

Well-Known Member
Joined
Oct 6, 2006
Messages
9,158
Reaction score
6,182
Points
113
I read that a 1099-K is only issued if you sell over $600. They still take sales tax, buy that's an automatic charge and doesn't require a seperate payment.
That's a big difference between the $20,000.00 it was. $600 is nothing. I can sell one Bottle or 1 beer can for that much & I'd be at my limit for the Year in just one Transaction. Now, if you sell one $5.00 Bottle a week on ebay for the year you might be alright. LEON.
 

East_Tn_Bottle_Guy

Well-Known Member
Joined
Apr 4, 2021
Messages
255
Reaction score
282
Points
63
Location
Greeneville, Tn.
That's a big difference between the $20,000.00 it was. $600 is nothing. I can sell one Bottle or 1 beer can for that much & I'd be at my limit for the Year in just one Transaction. Now, if you sell one $5.00 Bottle a week on ebay for the year you might be alright. LEON.
I'm sorry, I forgot to mention this. It's $600 per month but that's still a big difference from $20,000.
 

hemihampton

Well-Known Member
Joined
Oct 6, 2006
Messages
9,158
Reaction score
6,182
Points
113
where does it say per month, looks like per year to me?

Ebay1099IRSTaxs.JPG
 

East_Tn_Bottle_Guy

Well-Known Member
Joined
Apr 4, 2021
Messages
255
Reaction score
282
Points
63
Location
Greeneville, Tn.
Oh. I'm sorry. I must have been getting this mixed up with something else. After the pictures you posted and I researched a bit more, yes it seems like it is yearly. I'm sorry for the confusion.
 

Members online

Latest threads

Forum statistics

Threads
83,354
Messages
743,788
Members
24,374
Latest member
TLOWE94
Top