Bassmaster96
Bronze Member
- Joined
- Feb 5, 2014
- Messages
- 1,481
- Reaction score
- 1,039
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- Primary Interest:
- All Treasure Hunting
Not much right now. I haven't been selling like I was though.
This has been a question of mine as well. This is the first year I have sold this much. Although I have had this account since 2005. I believe you have to file a schedule c to correctly file your taxes. But I really think most people who do not receive a 1099 just don't bother to claim it. Personally, I would claim it...I have listed 10 items this month!
All best offer, And some people buy....with out making an offer?
Some people offer less then half!
So I was told that if you sell more then 200 items....or....total sales exceed 20,000 bucks, IRS sends you a 1099.
How do you guys handle this?
For PayPal to issue a 1099 you must have more than 200 sales AND have more than $20,000 in sales as well. I don't think most sellers fall into this...I have listed 10 items this month!
All best offer, And some people buy....with out making an offer?
Some people offer less then half!
So I was told that if you sell more then 200 items....or....total sales exceed 20,000 bucks, IRS sends you a 1099.
How do you guys handle this?
To file the taxes, they would have to know how much profit you are making. How do they know that you aren't losing money on the items you are selling? But yeah, I'm not going to worry about that because I don't think there is any way that I'll make that cut.
Let's see how it does. I just hit the watch buttonI did 16 more today including that lure. That is everything off of my lists. I can always do more if I need to. Hopefully some bids will come. I'll put up a link later, or you can look up black yellow bird heddon chugger and it should pop up. I was very clear on the repainted part.