i CAN'T BE NICE ABOUT THIS NEW EBAY STUPIDITY

yacorie

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Historically, it has been. That is set to change in 2022, as a part of the stimulus bill specified that payment processors (like PayPal) now must issue 1099s after only a handful of transactions (versus 200 in the past) and/or $600 (versus $20,000 in the past).

https://www.doctorofcredit.com/stim...to-report-earnings-of-600-on-1099-k-tax-form/

Technically, you were always supposed to be paying taxes on these things whether you were issued a 1099 or not... the new legislation just makes it more likely that people will pay the taxes since they will be much more likely to be issues a 1099 tax form.

well the IRS considers online “yard sales” to be tax free if you’re selling used household goods that you paid for and used. Collectibles get hammered - not sure how they consider other items
 

SKS.TUSC

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well the IRS considers online “yard sales” to be tax free if you’re selling used household goods that you paid for and used. Collectibles get hammered - not sure how they consider other items
There's gotta be a loophole! Use to be I thought anything around a couple thousand was considered a "Hobby", and not a business type situation where u had to pay taxes.
 

Wildcat wrangler

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Eliminating listings. I listed a dog fence for a car. My listing was canceled because the algorithm thought I was selling my dog. Honestly, the thought crossed my mind... LOL. I challenged it and it was allowed. Never did sell it though. I gave it to the auto mechanic.

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Sold the dog or the fence to the mechanic? Just kidding! But understood. (Coming from someone who owns an exotic cat cattery). I like a good dog with brains but you have to wade thru about 100 to find 1.... I don’t have a dog but would spoil the right one. Still wading...


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beckyreedde

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I really gave it to him. The fence,, not the dog! He was thrilled.

My dog is pretty smart. I've had many dogs over the years and she's holding her own!

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