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03-15-2021, 07:48 PM
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#101
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Have you ever imagined a world with no hypothetical situations?
Join Date: Jul 2016
Location: ________
Posts: 3,625
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Quote:
Originally Posted by Philintheblank
Yeah, that's pretty crazy...money hungry. Might as well go to craigslist or a local group on FB.
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Following up...for those that didn't know. I haven't read the bill or anything, but apparently, starting with sales on 1/1/22, all online sellers in the US will get a 1099 for sales totaling over $600. From what I understand that's from ebay, paypal, basically any online entity that processes the payments you receive. ...awesome. Craigslist here I come.
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03-15-2021, 08:22 PM
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#102
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Blue Falcon
Join Date: Aug 2015
Posts: 585
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Quote:
Originally Posted by Philintheblank
Following up...for those that didn't know. I haven't read the bill or anything, but apparently, starting with sales on 1/1/22, all online sellers in the US will get a 1099 for sales totaling over $600. From what I understand that's from ebay, paypal, basically any online entity that processes the payments you receive. ...awesome. Craigslist here I come.
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You will still get a 1099 from PayPal
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03-15-2021, 08:28 PM
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#103
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Have you ever imagined a world with no hypothetical situations?
Join Date: Jul 2016
Location: ________
Posts: 3,625
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Quote:
Originally Posted by BMW///M3
You will still get a 1099 from PayPal
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Yeah, unless you do cash or friends and family. Paypal's been cracking down on F&F, though.
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03-15-2021, 08:45 PM
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#104
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The InJustice League
Join Date: Jan 2016
Location: Dublin, OH
Posts: 6,178
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With this 1099 act, I think it is time for me to finally break down and join Facebook to participate in the buy/sell/trade groups.
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03-15-2021, 09:21 PM
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#105
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Have you ever imagined a world with no hypothetical situations?
Join Date: Jul 2016
Location: ________
Posts: 3,625
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Quote:
Originally Posted by Iko Iko
With this 1099 act, I think it is time for me to finally break down and join Facebook to participate in the buy/sell/trade groups.
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If you trade or someone pays cash/F&F you might be alright. Otherwise, as far as I understand, you'll get a 1099 if you receive over $600. I'm not sure if there's any payment platform that this doesn't apply to.
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03-15-2021, 09:29 PM
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#106
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The quickest way to double your money is to fold it in half and put it back in your pocket.
Join Date: May 2019
Location: Michigan
Posts: 1,333
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So I should keep my original receipt and if I buy a statue for 1200 and sell it a few years later for 800 then I should get to write that off.
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03-15-2021, 10:24 PM
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#107
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3 kinds of people: those who can count & those who can't.
Join Date: Dec 2017
Location: Pittsburgh, PA
Posts: 3,550
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Quote:
Originally Posted by Philintheblank
Following up...for those that didn't know. I haven't read the bill or anything, but apparently, starting with sales on 1/1/22, all online sellers in the US will get a 1099 for sales totaling over $600. From what I understand that's from ebay, paypal, basically any online entity that processes the payments you receive. ...awesome. Craigslist here I come.
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well I guess my Ebay selling days will be over very after this year.
I actually have had some luck selling some statues on Craigslist.
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03-16-2021, 11:55 PM
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#108
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Have you ever imagined a world with no hypothetical situations?
Join Date: Jul 2016
Location: ________
Posts: 3,625
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Quote:
Originally Posted by extracomputer.1
So I should keep my original receipt and if I buy a statue for 1200 and sell it a few years later for 800 then I should get to write that off.
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I saw someone post something about that...possible silver lining.
Quote:
Originally Posted by mmk123
well I guess my Ebay selling days will be over very after this year.
I actually have had some luck selling some statues on Craigslist.
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Yeah, I think I'm going to try to move everything I've been looking to move before the years ends. I'll probably go to Craigslist after that for the most part.
Should be interesting to see what effect this has on the collectibles market.
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04-13-2021, 01:58 PM
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#109
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Kindly Asked To Leave
Join Date: Apr 2020
Posts: 3
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Thanks I am really interested in selling on eBay professionally. But I am worried about the customer guarantee of moneyback. What if they get the item, damage it and then claim for the guarantee as for the originally damanged thing?
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04-13-2021, 02:05 PM
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#110
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Thunderstrike
Join Date: Aug 2004
Location: Florida
Posts: 13,433
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Quote:
Originally Posted by royalcobra
Thanks I am really interested in selling on eBay professionally. But I am worried about the customer guarantee of moneyback. What if they get the item, damage it and then claim for the guarantee as for the originally damanged thing?
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That is a possibility but always get insurance and pack everything nicely.
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