I have a question about 1099-k? I sell baseball card through my eBay account with my paypal account. My wife sells “garage sale” stuff around the house with her eBay account and her own PayPal account. Is the 200 transactions $20000 for 1099-k per taxpayer or household. Like will PayPal combine my sales and transactions with my wife’s even though we have separate SSN on our PayPal accounts. My card sales goes to our checking account and her garage sales go to our savings. Thanks
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When will we get the 1099-k? Can't figure out if I am getting one or not. I had a 4.5k order that I had to cancel and refund the money through paypal, so I don't know if that put me over the 20k. Has anyone received their 1099-k yet? I know it is suppose to be by Jan. 31st but is anyone getting them sooner?
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If I get a 1099-k from Paypal, do I need to do a Schedule C. It is for selling my baseball collections. I sold about 25k, over 200 transactions. Only gained $615. I sold many for gains and loses. Thanks.
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Hello, I should be getting a 1099-k this year from Paypal. I sold my baseball card collection. I sold probably 25k and made $650 after fees, materials, etc. I sold many for a loss because I had some from 2015 that have gone down in value. I buy and resell cards, some I grade. Do I have to do a Schedule C and do I count the profit as business income? Thanks.
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