1099K IRS reporting for sales over $600 a year-eBay is fighting back-sign petition.

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Mark Loraine
Posts: 87
Joined: Fri May 08, 2009 10:51 pm
Vintage Karting items owned: ProX 77,McC R1,Bug Stinger Dual.
User Agreement: Yes
Location: SWNY14755

1099K IRS reporting for sales over $600 a year-eBay is fighting back-sign petition.

Post by Mark Loraine » Wed May 11, 2022 1:48 pm

For those of you who have stopped selling karts and part like me because of draconian tax laws, this link will get you to the online ebay petition to fight and repeal this travisty. I wont get anymore political-Not The Place. But many of us use eBay to buy and sell, but have stopped because of the new tax law.
Incidentally, have you noticed the lack of parts being sold on ebay as compared to last year?
Actually I stopped last June when paypal got tossed and everything has to go directly through the checking account, making it no longer an annonomous transaction the gov’t would have access to.
Anyways, here is the link if you want to speak out against the tax through eBay.
https://www.ebaymainstreet.com/issues/1 ... -reporting
Accepting a Paypal payment for $601.00 will automatically flag you as a 1099K tax status. Also the tax is said to be automatically taken, so you cant get around it.
So if you you aint standing in front of me with a fist full of cash, It’s’ still mine.
Please stay on topic if you feel the need to comment, Thank You
Mark L. / SWNY

REAR
Posts: 1115
Joined: Sat Jun 16, 2007 10:19 am

Re: 1099K IRS reporting for sales over $600 a year-eBay is fighting back-sign petition.

Post by REAR » Thu May 12, 2022 5:27 am

We don't charge a fee for anything so just post the parts in the for sale section on this website.

R.E.A.R.

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