Hi everyone, a quick question. [View all]

Has the IRS changed the $600 limit for sales of anything you have without getting a 1099-K? I'm not in the business but I must downsize. Have had a household of stuff for the 54 years I've lived in this house. No receipts. Who the heck saves a receipt from years ago?

This new (Jan 2022) ruling has put many of us in a tough spot. Not only will I lose money if I try to sell anything but there is no market here for formal furniture. The household misc. can add up too. I can try to sell on local Facebook pages but just a few things will add to the $600 limit. I will lose in both ways. I know I'm not the only one who is concerned.

Who's bright idea was this horrible limit? Any changes? It used to be $20,000 before you got the 1099. Now down to $600.00. Not fair to those of us who want or need to sell any household stuff.

I understand the limits if you are in "the business" but those who are keep records. The rest of us get screwed.