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

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#13

01-27-2022, 11:29 AM

Dead-Ball-Hitter Dead-Ball-Hitter is offline

J@E R1T0

Member

Join Date: Dec 2021

Location: Scenic Massachusetts

Posts: 332

Bob C., really appreciate your ongoing clarification of the tax law. Something to think about when we go to sell our long-time collections. I think most guys want to be law-abiding, its just tough to figure out when we can net expenses, what forms to fill out, etc.

I always hated that my Paypal 1099-K INCLUDED dollars collected for sales tax that were NEVER PAID to me - ebay collected the tax that the buyer paid, yet it shows up on my 1099!!! Ahhhg! What a mess...

So I should pay income tax or capital gains on the sales tax ebay collected??!!?

__________________
Thanks for your thoughts, Joe.

Love the late 1800�s Boston Beaneaters and the early Boston Red Sox (1903-1918)!

Also collecting any and all basketball memorabilia.

Last edited by Dead-Ball-Hitter; 01-27-2022 at 11:31 AM.

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