The Ford Barn

tubman · 02-02-2022, 01:53 PM

Ah yes! Voices of reason.

yankee mike · 02-02-2022, 04:56 PM

eBay, Venmo, PayPal etc is now having to report to irs anything over $600.00 for the year. Doesn’t matter if it’s one sale for $600.00 or 600 sales at $1.00. A 1099 k will be sent to you at the end of the year. This is a major change from the previous year of $20,000.00. Ebay had sent a letter to Nacy Pelosi to reverse but she denied it. It’s actual has something to due with the Covid 19 fund. ( free money is never free). This will hurt a lot of sellers. You can still sell on other sites but accept money orders and/or cash. Bring on the he Swap meets!!!!!

Karl · 02-02-2022, 05:16 PM

Yep The Gov't wants its Money .
In my case I buy something on Ebay ship it to my forwarding address in California and pay Ca sales tax on it Then ship it to New Zealand and pay New Zealand sales tax on both the item and the postage costs ( Being so far away postage costs are often more expensive than the item !) The forwarding company has an address in Oregon (no sales tax) but shipping times are much longer from there

John R · 02-02-2022, 09:38 PM

Right on, Kube!

02-02-2022, 01:53 PM	#41
tubman Senior Member Join Date: Dec 2013 Location: Minnesota, Florida Keys Posts: 10,320	Re: Flat out done selling anything on Ebay or with PayPal Ah yes! Voices of reason.

02-02-2022, 04:56 PM	#42
yankee mike Senior Member Join Date: Jun 2010 Posts: 1,022	Re: Flat out done selling anything on Ebay or with PayPal eBay, Venmo, PayPal etc is now having to report to irs anything over $600.00 for the year. Doesn’t matter if it’s one sale for $600.00 or 600 sales at $1.00. A 1099 k will be sent to you at the end of the year. This is a major change from the previous year of $20,000.00. Ebay had sent a letter to Nacy Pelosi to reverse but she denied it. It’s actual has something to due with the Covid 19 fund. ( free money is never free). This will hurt a lot of sellers. You can still sell on other sites but accept money orders and/or cash. Bring on the he Swap meets!!!!!

02-02-2022, 05:16 PM	#43
Karl Senior Member Join Date: May 2010 Location: Manawatu, New Zealand Posts: 1,416	Re: Flat out done selling anything on Ebay or with PayPal Yep The Gov't wants its Money . In my case I buy something on Ebay ship it to my forwarding address in California and pay Ca sales tax on it Then ship it to New Zealand and pay New Zealand sales tax on both the item and the postage costs ( Being so far away postage costs are often more expensive than the item !) The forwarding company has an address in Oregon (no sales tax) but shipping times are much longer from there __________________ Such a fine sight to see-Its a Girl, My Lord, in a Flatbed Ford slowin' down to take a look at me.

02-02-2022, 09:38 PM	#44
John R Senior Member Join Date: May 2010 Location: near Washington, DC Posts: 559	Re: Flat out done selling anything on Ebay or with PayPal Right on, Kube! __________________ Those who do not move do not die, but are they not already dead?