Slippery Pencil Posted March 7, 2021 Report Posted March 7, 2021 According to Deloitte: Reduce the reporting threshold for third-party settlement organizations from $20,000 and 200 transactions per payee under current law to $600 without regard to the number of transactions, generally effective for transactions after December 31, 2021. Special reporting rules would apply as of date of enactment. https://dhub.blob.core.windows.net/dhub/Newsletters/Tax/2021/TNV/210306_1.html Everyone selling junk on eBay is going to get a 1099-K. That seems like it's going to get extremely messy.  Quote
Yardley CPA Posted March 7, 2021 Report Posted March 7, 2021 10 hours ago, Slippery Pencil said: Everyone selling junk on eBay is going to get a 1099-K. That seems like it's going to get extremely messy.  Sure seems that way. More information to track and include on returns. I guess there's an opportunity to increase rates?  Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.