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Chainfire

(17,757 posts)
12. We are now paying sales taxes for items bought from individuals on ebay.
Tue Apr 5, 2022, 09:19 AM
Apr 2022

In my state that had never been required before. So the real question is, are we buying from the seller or are we buying from ebay? Ebay seems to have it both ways as it works to their benefit. Yes, you bought it from us and that is why you are paying sales tax. No, you bought if from the seller so don't think you will hold us responsible for *****.

I have sold tens of thousands of dollars of stuff on ebay in the past 20 years or so, but I dropped my selling last year when they demanded direct access to my bank account. I no longer need either the money, the hassle or the exposure. Local charity thrift stores now benefit from my disposing of "surplus property."

Of course, we need to applaud new taxes on working classes. It relieves the responsibility for the rich to pay, and that means that they will create more jobs and the positive benefits will trickle down on us, yet again.

At my age, if I sold more than $600.00 on ebay, I would toss the 1099 in the trash and let the IRS prove that I owed them money.

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My girlfriend is very sad samplegirl Apr 2022 #1
when she's a billionaire she may never pay tax again. thanks to our congress both msongs Apr 2022 #2
here's a link to ebay and an explanation of the new rules which are for ONLINE sales msongs Apr 2022 #3
Not just online, but anything paid through payment sites like Paypal, Venmo etc. MichMan Apr 2022 #7
This message was self-deleted by its author MichMan Apr 2022 #4
If you got more from ebay than you paid for the item, you were always supposed to pay taxes. Hoyt Apr 2022 #14
So if I bought a widget 25 yrs ago and sold it yesterday for $5 more than I paid..... MichMan Apr 2022 #16
Mich, no one is coming after you for $5 profit, which would be about a dollar in taxes. Hoyt Apr 2022 #17
Just throw away the 1099 and pretend I never received it? MichMan Apr 2022 #18
The 1099K doesn't report income, it reports transactions. sl8 Apr 2022 #19
Pick #2 and don't worry about it any more. Hoyt Apr 2022 #20
Hi Grasswire2. I just found about this ruling yesterday. So much for plans. Paper Roses Apr 2022 #5
It was part of the Infrastructure bill passed last November MichMan Apr 2022 #6
What if I have no receipts? C_U_L8R Apr 2022 #8
Sell for cash only, or pay the IRS MichMan Apr 2022 #10
It's easy enough to estimate what you paid for a rare guitar or something. Plus, the IRS isn't Hoyt Apr 2022 #15
They say that only goods that are sold for a profit are considered taxable, but how to prove it ? MichMan Apr 2022 #9
I think this information and link should be posted in "General Discussion". Paper Roses Apr 2022 #11
We are now paying sales taxes for items bought from individuals on ebay. Chainfire Apr 2022 #12
We are now paying sales taxes for items bought from individuals on ebay. Chainfire Apr 2022 #13
Latest Discussions»Culture Forums»EBay, Collectors, Flea Market & Antiques »Can we discuss the new IR...»Reply #12