z

basketballcollector

nevermind

voxels123

I cannot speak to the specifics of your message but it is a matter of fact that beginning this year eBay is reporting all of sellers' revenue over $600 to IRS for you. Hence, the deluge of high-end cards OFF eBay.

jfkheat

@voxels123 said:
I cannot speak to the specifics of your message but it is a matter of fact that beginning this year eBay is reporting all of sellers' revenue over $600 to IRS for you. Hence, the deluge of high-end cards OFF eBay.

I'm pretty sure that starts next year.

GroceryRackPack

hey jfkheat,
Yes I agree with you: "I'm pretty sure that starts next year."
This is on what I'm going by:
https://www.cnbc.com/2021/03/26/its-going-to-get-harder-to-avoid-telling-the-irs-about-income-from-online-sales.html

voxels123

So, what’s the point?

eBay reports you for the next few months vs next few months and then in perpetuity.

Bottom line- eBay having your information with the promise of IRS reporting. Too much for lots of people with common sense.

Error on the side of common sense.

beachbumcollecting

It may be a state thing. certain states already enacted the lower threshold. MA and VT have been doing this for a few years already