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#386477 Wed Jan 16 2013 05:42 AM
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Does any body know for a "fact" about Ebay and their income tax rules ? Seems like in 2012 if you had 200 selling transactions or $20,000.00 in sales they were going to send out a form for you to declare on your taxes. I was wondering if this is true and will it be in affect for 2013 ?

Thanks in Advance, Doug

blacktee #386482 Wed Jan 16 2013 06:43 AM
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It's true..... My Dad got nailed by it last year.


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Esse's Garage #386532 Wed Jan 16 2013 10:08 AM
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I got a form last year. I have heard nothing from paypal this year.

always lookin #386543 Wed Jan 16 2013 11:01 AM
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This is not going away. It is an IRS rule, not an eBay/Paypal rule.

See:
Paypal IRS Tax page

The IRS will expect sellers that make a profit to show it on their tax forms even if there is no 1099 issued by Paypal because the numbers are lower than the minimum. More likely they will audit the 1099 recipients who don't declare the income, than the smaller guys.

Last edited by Oldgas; Wed Jan 16 2013 11:01 AM. Reason: spelling

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