Quote:
Originally Posted by toledo_mudhen
Yea - Not sure why you guys get singled out?
Sellers in Massachusetts and Vermont
Massachusetts and Vermont use a threshold of $600 and don’t use a transaction threshold, so if you reside in one of these states, you’ll receive a Form 1099-K if the gross amount of payments you receive equals or exceeds $600, irrespective of the number of payments you receive. We’ll also report this amount to the Massachusetts or Vermont tax authority as applicable. You should also note that your gross payments won’t be reported to the IRS unless you exceed $20,000 in gross payments and have more than 200 transactions.
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States set their own threshold which is the Federal is the same in all 50 states.
You know you are suppose to claim your Ebay income on your State and Federal tax returns, regardless of whether Ebay or PayPal report it or not, right?