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EBay, Collectors, Flea Market & Antiques

samplegirl

(12,066 posts)

1. My girlfriend is very sad

Reply to Grasswire2 (Original post)

Tue Apr 5, 2022, 01:09 AM

Apr 2022

as her EBay days have ended. She’d like to know the answer to that question as well.
Once again the small guy is screwed.

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Can we discuss the new IRS rules on selling, and how it affects sellers? [View all] Grasswire2 Apr 2022 OP

My girlfriend is very sad samplegirl Apr 2022 #1

when she's a billionaire she may never pay tax again. thanks to our congress both msongs Apr 2022 #2

here's a link to ebay and an explanation of the new rules which are for ONLINE sales msongs Apr 2022 #3

Not just online, but anything paid through payment sites like Paypal, Venmo etc. MichMan Apr 2022 #7

This message was self-deleted by its author MichMan Apr 2022 #4

If you got more from ebay than you paid for the item, you were always supposed to pay taxes. Hoyt Apr 2022 #14

So if I bought a widget 25 yrs ago and sold it yesterday for $5 more than I paid..... MichMan Apr 2022 #16

Mich, no one is coming after you for $5 profit, which would be about a dollar in taxes. Hoyt Apr 2022 #17

Just throw away the 1099 and pretend I never received it? MichMan Apr 2022 #18

The 1099K doesn't report income, it reports transactions. sl8 Apr 2022 #19

Pick #2 and don't worry about it any more. Hoyt Apr 2022 #20

Hi Grasswire2. I just found about this ruling yesterday. So much for plans. Paper Roses Apr 2022 #5

It was part of the Infrastructure bill passed last November MichMan Apr 2022 #6

What if I have no receipts? C_U_L8R Apr 2022 #8

Sell for cash only, or pay the IRS MichMan Apr 2022 #10

It's easy enough to estimate what you paid for a rare guitar or something. Plus, the IRS isn't Hoyt Apr 2022 #15

They say that only goods that are sold for a profit are considered taxable, but how to prove it ? MichMan Apr 2022 #9

I think this information and link should be posted in "General Discussion". Paper Roses Apr 2022 #11

We are now paying sales taxes for items bought from individuals on ebay. Chainfire Apr 2022 #12

We are now paying sales taxes for items bought from individuals on ebay. Chainfire Apr 2022 #13

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