Tag Archives: EBay

Webinar: Reconciling the 1099-K and 1099 MISC

This year, people in business or selling on eBay will be getting 1099s from both their banks (or PayPal) and their customers. Often, those 1099s will overlap, telling the IRS that you received much more money than you really earned. There is a trick to reporting these 1099s that will help you avoid audit, while […]

Garage Sales

Today TaxMama® hears from John in the TaxQuips Forum with a sensible question. “Are garage sales reportable?buy Buspar generic https://noprescriptionbuyonlinerxx.com over the counter I have never heard of anyone reporting garage sales.https://biuinternational.com/wp-content/languages/new/thesis-statement-generator.html I assume everyone guesses their basis exceeds the gross proceeds and personal losses are disallowed.”

eBay Sales for Friends

Today TaxMama® hears from Judecat in the TaxQuips Forum who is helping a sick friend. Without going into detail – “Judecat is selling his personal treasures on eBay because he is too ill and doesn’t have access to the Internet. She wants to know the tax implications.”

eBay Sellers Audit Target

Today TaxMama hears from Robert in the TaxQuips Forum with this inquiry.buy augmentin online cpff.ca/wp-content/languages/new/canadaa/augmentin.html no prescription “I read in a Washington Post article that eBay will now start sending sellers with more than 200 transactions a 1099-K form so that they have to pay taxes on their eBay selling.  I have over 200 transactions. […]

eBay Cleans Out Closet

Today Melissa from Dallas, TX asks. “I sold a bunch of old stuff on eBay this year – an old trumpet, music and concert memorabilia, old clothes. Just cleaning out our closets, but I was amazed at how much we’ve made so far! Do we have to pay taxes on this income? I’ve heard different […]