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Net54baseball.com Forums - View Single Post - ebay managed payments - anyone using this future mandatory service yet?
Thread: ebay managed payments - anyone using this future mandatory service yet?
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  #11  
Old 07-07-2020, 09:28 PM
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teza11 teza11 is offline
Jeff
Je.ff For.teza
 
Join Date: Mar 2012
Location: CA
Posts: 280
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Another possible upside for sellers with more than 200 transactions and greater than $20k in sales is that the mid-year transition effectively resets the clock back to Jan 1. In other words, PayPal will base the issuance of their 2020 1099’s on sales from Jan 1 through eBays cut-over to managed payments. EBay will begin tracking and reporting 1099 sales from the go-live date of their managed payments program. So one could sell $39k between the two and not trigger a 1099. Just say’n. Not giving tax advice or encouraging anyone to not pay their taxes in full.

Jeff
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