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I received a 1099-K from PayPal for selling items I no
I received a 1099-K from PayPal for selling items I no longer used on eBay. I've done this for years but this is the first time I've ever received a 1099-K. I'm not a business, just someone getting ri… read more
Mark Anderson
Mark Anderson
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76 yr old retiree who after collecting sports cards for 30
76 yr old retiree who after collecting sports cards for 30 years sold some on ebay in 2020. Was just a hobby not a business, have no expenses. However, ebay 1099 K includes ebay fees and sales tax whi… read more
Lev
Lev
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Bachelor's Degree Equivalent
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Got a 1099-K from PayPal. I don't meet the Federal Threshold
Got a 1099-K from PayPal. I don't meet the Federal Threshold of 20k in Sales & 200 transactions via PayPal. But I live in Illinois with a threshold of $1,000 USD in gross payment volume from sales of … read more
Dr. Fiona Chen
Dr. Fiona Chen
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Question regarding US Taxes (1099-K) I received a Form
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JeffS6413
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My husband had a gambling problem last year and he was sent
My husband had a gambling problem last year and he was sent w2g forms and a 1099k. The w2g forms duplicated the money because it was already in the 100k amount. I'm confused how to report this … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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I am a 76 year old retiree who periodically sells items on
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Rick
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I received a 1099 k from PayPal for the sale of items on
Hello. I received a 1099 k from PayPal for the sale of items on eBay. These are all items that I bought and used and sold later at a personal loss. I am not a business and I was far under the IRS repo… read more
Carter McBride
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Hi. Question about 1099-K form. I live in Illinois and I have sold stuff on EBay. I did not meet IRS threshold however I have met the state threshold, so I have received 1099-K form. Since I didn't me… read more
Dr. Fiona Chen
Dr. Fiona Chen
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1099 K IRS from issued by PayPal. No -- a couple of
No -- a couple of questions regarding 1099 K form and I don't have a home business… read more
Roxanne625
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I am reducing the amount of my personal property through
Good Morning. I am reducing the amount of my personal property through ebay. Because I live in Illinois, Paypal issued a 1099-K for 2020. I received less than $6,000 but had over 200 transactions. Als… read more
Robin D.
Robin D.
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I've sold items online and Paypal sent me 1099K. On form
I've sold items online and Paypal sent me 1099K. On form 1099k, I have $1300 in line 1a and $1300 in line 1b as well. Am I supposed to add those amount and report it as an income? Why did I receive th… read more
Barbara
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IN 2018 I Sold my deceased wife's clothes on eBay and have
IN 2018 I Sold my deceased wife's clothes on eBay and have received a 1099k from paypal. I believe I need to report this income on schedule c. Can I estimate the cost of these clothes to reduce the re… read more
Chad EA, CDFA®, CFP®
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Want to see on irs website the correct way to report
want to see on irs website the correct way to report personal items i sold that show on my 1099k … read more
Chad EA, CDFA®, CFP®
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I created a LLC in 2014 with my brother. We were selling
I created a LLC in 2014 with my brother. We were selling items on eBay/PayPal with our personal accounts. He left the business half way through in 2014 to work out of state. I continued to use his acc… read more
Lane
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Doctoral Degree
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I buy and sell things on eBay. A few years ago I started making
I buy and sell things on eBay. A few years ago I started making bumper stickers. I sold a few here and there, no big thing. As the years have gone I have I have increased my sales to about $100-$200 a… read more
Lev
Lev
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If there is a 1099K from Paypal for items sold on Ebay, for
If there is a 1099K from Paypal for items sold on Ebay, for $30k what kind of COGS can be used for the items sold. Trying to find out if there is any IRS guidelines on this.… read more
Megan C
Megan C
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My mother was in need of money due to health issues and expenses
My mother was in need of money due to health issues and expenses in personal care so I offered to list my personal collection of items on ebay to come up with money for her, in her name. I did not kno… read more
R. Klein, EA
R. Klein, EA
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Master's Degree
3,227 satisfied customers
I have received in 2011 about 17000 dollars from SSA
Hello! I have received in 2011 about 17000 dollars from SSA disability.Also I have sold my childhood collection,I have got paid through Paypal, from them I will receive the from 1099K , for the year 2… read more
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