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  #1  
Old 06-28-2013, 04:42 AM
t213 t213 is offline
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Join Date: May 2009
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Default 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
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Seeking T210, T211, T214 and T217 in any condition!
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  #2  
Old 06-28-2013, 06:00 AM
Shoeless Moe Shoeless Moe is offline
Paul Gruszka aka P Diddy, Cambo, Fluke, Jagr, PG13, Bon Jokey, Paulie Walnuts
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I believe its $20,000, anything over, must be reported.
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  #3  
Old 06-28-2013, 07:03 AM
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ibuysportsephemera ibuysportsephemera is offline
Jeff G@rf!nkel
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The other test is the number of transactions completed. You must also have 200 separate transactions.
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Old 06-28-2013, 07:15 PM
thehoodedcoder thehoodedcoder is offline
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20k in transactions and over 200 transactions. you must satisfy both requirements. if not your in the clear.

kevin
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  #5  
Old 06-28-2013, 08:21 PM
t213 t213 is offline
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Thanks
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Seeking T210, T211, T214 and T217 in any condition!
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  #6  
Old 06-28-2013, 09:05 PM
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thecatspajamas thecatspajamas is offline
L@nce Fit.tro
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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.
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Old 06-29-2013, 06:19 AM
thehoodedcoder thehoodedcoder is offline
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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
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Old 06-29-2013, 07:22 AM
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peterose4hof peterose4hof is offline
Chr!$ "Bubba" L@mb
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Quote:
Originally Posted by thehoodedcoder View Post
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
Well said Kevin. I completely agree.
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