Ebay tax reporting drops from $20,000 to $600

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#11

01-27-2022, 09:24 AM

Dandor

dA.N CH@SE

Join Date: Nov 2021

Posts: 70

I used to sell items like old cell phones and other items I sold at a loss on eBay. Like a garage sale. I am not dealing with eBay anymore with the new rules. Proving I paid $200 for a $50 cell phone sale is impossible and with a 1099-k form the effort of dealing with taxes is not worth my time. Selling a few thousand dollars of items at a loss shouldn't involve me starting a business or calling the IRS and saying everything is itemized on a schedule D.

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