Just looking for some clarification on this. So I have read that as a seller if you sell over $20,000 and 200 transactions you will receive a tax form.
So I am just selling stuff on ebay I'm not running a business just purging my horde. If is sell say $25,000 in items but I made this by only selling 100 items would I fall under the 1099K category? Or if I sold 300 items but only made $10,000 would I fall under the 1099K category? From what I understand I would have to have made $20,000 or over from 200 items or more in order to fall in to the 1099K category. Is this correct?
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