I am on managed payments and all real info.
My question is if I sale over 200 sales and 20 thousand dollars in sales, will eBay request me to do business account.
I know I have taxes to pay on it all.
Just wondering if I have to provide business documents if over the amount of 200/20000.
Provided social when signing up for managed paymenrs
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I am on managed payments and all real info.
My question is if I sale over 200 sales and 20 thousand dollars in sales, will eBay request me to do business account.
I know I have taxes to pay on it all.
Just wondering if I have to provide business documents if over the amount of 200/20000.
Provided social when signing up for managed paymenrs
I wouldn't think so. Did you get your 1099-K from managed payments under your sales?
With paypal when you reach that amount they ask for either the SSN or an EIN. I would imagine it would be similar with Managed payments an since you already provide your SSN it would be associated with that.
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AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000
I believe it's 200 sales and 20 thousand. Have to meet both thresholds to receive 1099.
However regardless of 1099 or not I still pay taxes on all my sales regardless of sales and amount of paymemts
I wouldn't think so. Did you get your 1099-K from managed payments under your sales?
No. I was slightly short of the 20000.00 amount for them to provide me with tax documents for 2019. However my sales are up and hope it stays that way. But I know it will go over the amount if my sales continue the rest of the year as they are now.
200 sales / 20 thousand. 
