cancel
Showing results for 
Show  only  | Search instead for 
Did you mean: 

2024 guidelines for 1099

How much can I sell on eBay this year without triggering a 1099

Message 1 of 4
latest reply
1 BEST ANSWER

Accepted Solutions

2024 guidelines for 1099

You are required by law to file your income you made with eBay whether a 1099 is issued to you or not as well as how much you earned selling even if it is $10.00. 
So far the threshold for eBay to send 1099 is $20,000 and 200 items sold. But many states have their own tax reporting thresholds, some states as low as $600, you might want to look into that as well.  

View Best Answer in original post

Message 4 of 4
latest reply
3 REPLIES 3

2024 guidelines for 1099

You need to check with your state and see what their limit is.

Some states have lower limits then Federal.

Have a great day
Message 2 of 4
latest reply

2024 guidelines for 1099

Best to figure under $600 (still undecided by IRS) but know that

 

1.) ebay may require your SS#, Picture ID etc. once you get close (and will HOLD your payout $$ until you give it- not to mention they sometimes hold 'new' sellers (dormant over 90 days) for up to 30 days

2.) The 1099 is ONLY a 'reporting' requirement by processors but INDIVIDUALS are expected to show Any/All outside $$ on their tax return (yes, even garage sales). 

Message 3 of 4
latest reply

2024 guidelines for 1099

You are required by law to file your income you made with eBay whether a 1099 is issued to you or not as well as how much you earned selling even if it is $10.00. 
So far the threshold for eBay to send 1099 is $20,000 and 200 items sold. But many states have their own tax reporting thresholds, some states as low as $600, you might want to look into that as well.  

Message 4 of 4
latest reply