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At what point does EBay send a 1099?

kmoff77 1,826 334 April 8, 2013 at 08:05 PM More eBay Deals
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Last Edited by kmoff77 April 9, 2013 at 03:55 AM
My question is when do you have to start paying taxes on ebay sales?

I thought it was only at $20,000 worth of sales per year. But then I heard a rumor that it might also be at 200 items. Does anyone know the answer to this?

So far in the first quarter of this year, I have sold 40 items. But I am starting to pick up steam and sell more each month. I have a lot of lost cost items, so I wasn't too worried about the $20000 in sales. But I'm thinking I may hit 200 items easily.

Can anyone share your experiences and if it is worth it? Thanks

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#16
You can say you are paying rent from your home for your business. I believe
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