I’ve been selling on eBay for a long time. This year, for the first time, I received an IRS form 1099K in the mail.
I’m a person who sells things that are excess to my needs, basically using eBay instead of frequent yard sales and to reach a larger collector audience on some items.
I do not have any form of incorporated business or partnership. My full time job has no connection to my eBay sales.
Yet using the online tax site that I prefer, it seems to be steering me into a series of questions and requesting information that would only pertain to someone running a full-scale business. For example, vehicle specifications and mileage reimbursement calculators, etc.
Is there a way to simply— yet honestly— report this information? Is it something I need to include in my taxes at all, since I don’t make much money and consider it a substitute for a yard sale? I’ve never heard of reporting eBay sales before now so I’m a bit confused.
I’m a person who sells things that are excess to my needs, basically using eBay instead of frequent yard sales and to reach a larger collector audience on some items.
I do not have any form of incorporated business or partnership. My full time job has no connection to my eBay sales.
Yet using the online tax site that I prefer, it seems to be steering me into a series of questions and requesting information that would only pertain to someone running a full-scale business. For example, vehicle specifications and mileage reimbursement calculators, etc.
Is there a way to simply— yet honestly— report this information? Is it something I need to include in my taxes at all, since I don’t make much money and consider it a substitute for a yard sale? I’ve never heard of reporting eBay sales before now so I’m a bit confused.