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  #1  
Old 12-31-2024, 03:47 PM
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bnorth bnorth is online now
Ben North
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Join Date: Jun 2013
Location: South Dakota
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Originally Posted by Knightlax5 View Post
I believe they changed it thios year to where if you have $5k in sales then you get a 1099
^^THIS^^ It is $5000 this year.
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  #2  
Old 12-31-2024, 04:54 PM
judgebuck judgebuck is offline
David Buckingham
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Yes, my understanding is that it is $5,000 this year and $600 next year.

Also, someone told me that the shipping costs are included in determining if the $5,000 threshold is met. Anyone know if this is the case?
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  #3  
Old 12-31-2024, 05:03 PM
Michael B Michael B is offline
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Originally Posted by judgebuck View Post
Yes, my understanding is that it is $5,000 this year and $600 next year.

Also, someone told me that the shipping costs are included in determining if the $5,000 threshold is met. Anyone know if this is the case?
Even if they do it is fully deductible, Schedule C, I believe though may be mistaken on the form.
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  #4  
Old 12-31-2024, 07:57 PM
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Robert Williams
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It's a logistical nightmare. Trust me.
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