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1099 K - Reporting transactions over $600

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Old 01-31-2023, 11:52 PM   #11
Sataninjaku
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From what I understand that $600 and over law did not flow through so I?m not sure what triggers that 1099 now. Last year was the first year that I got one myself. Prior to last year I only did about 10 grand a year and not gotten one.
Yeah, that's what I've been reading:
https://www.irs.gov/newsroom/irs-ann...s-forms-1099-k

Basically, they've pushed it back a year, largely down to no one, including the IRS, being ready for that to roll out. I myself didn't get one this year, even though I came in just over 12k over the past 4 months. I did get one last year with much lower numbers, but then I received a follow up message from eBay informing me that they had sent them out to many sellers erroneously, and that I should disregard it.



Ax, it sounds as though you may have gotten one by mistake, I recommend checking your eBay inbox with the "from eBay" filter enabled.
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Old 01-31-2023, 11:58 PM   #12
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I hit $595 a week ago, and will sit on my future sales (Haslab!) until next JAN. I simply refuse to pay the government for things I’ve already been taxed on. And, it’s not worth the effort for me to chase down receipts/etc. (I also can’t touch $19.5K, lol).
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Old 02-01-2023, 12:03 AM   #13
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Damn I checked and wasn't even close. I don't know if I am suppose to be glad or sad.
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Old 02-01-2023, 12:25 AM   #14
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I simply refuse to pay the government for things I?ve already been taxed on.
My man! I was about to go into a diatribe about the past few years but thought better of it.

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Damn I checked and wasn't even close. I don't know if I am suppose to be glad or sad.
Be glad bro. Big brother tying to slide his hand into my toy box.
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