Fact checked by Vikki VelasquezWhether you sell vintage clothing on eBay or rare baseball cards, it may be challenging to keep up with the various tax rules and obligations of being a reseller.

Online shopping sites like Etsy, and eBay, and payment network PayPal, among other companies want Congress to change the new $600 reporting threshold for IRS Form 1099-K.The rule, which won't ...

Likewise, selling used items such as clothing or furniture for a loss through a service like eBay could also generate a 1099-K, even though those sales would create no tax liability.

The IRS is delaying a 2023 1099-K tax reporting requirement for third-party payment networks like PayPal and Venmo, online marketplaces like Etsy and eBay, and millions of online sellers.

1099-K tax rules: What to know if you ... Form 1099-K, which is for reporting transactions made through third-party payment apps and online marketplaces (like eBay or StubHub). ...

IRS delays gig-tax filing rule for side hustles earning at least $600. 2022 1099-K reporting limits revert to $20,000 on 200 transactions.

They might sell their iPhone 13 on eBay for $600, and will in turn receive a 1099-K for crossing the new threshold. However, they technically lost about $200 on the sale.

Good news for eBay and Etsy sellers: The Internal Revenue Service is delaying a tax-reporting rule that would have required some sellers to receive a 1099-K form.

Ebay confirmed to The Hill that it has “taken steps to comply with the new IRS 1099-K reporting requirements, including collecting social security numbers from customers when they pass the $600 ...

If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what do they mean for you.

Anyone who earned more than $5,000 in 2024 selling tickets, musical instruments or other goods and services online should expect to get a 1099-K tax form this month.

M illions of Americans receive 1099-Ks from third-party payment platforms like PayPal, Venmo, Stripe, and more every year.