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-   eBay Discussion! (https://www.aspkin.com/forums/ebay-discussion/)
-   -   1099k new limits (https://www.aspkin.com/forums/ebay-discussion/143276-1099k-new-limits.html)

lymbo70 04-29-2021 03:35 AM
1099k new limits
 
I wanted to ask if the new adjusted limit of $600 to get 1099k will apply to 2021 sales or 2022 sales?

phaz0rz 04-29-2021 06:15 AM
Re: 1099k new limits
 
Starts next year.

SaiJin 04-29-2021 09:49 AM
Re: 1099k new limits
 
Uncle sam really wants money huh?

james13v 04-30-2021 09:27 AM
Re: 1099k new limits
 
Quote:
Originally Posted by SaiJin (Post 1151580)
Uncle sam really wants money huh?
I wonder why he'd want money. lol

yankee 04-30-2021 11:36 AM
Re: 1099k new limits
 
Everyone is really worried about MP but in all reality, guys running multiple stealth accounts will be wiped out by the $600 threshold. MP is a blessing compared to government mandates. I would need to close to 2000 stealth accounts, bank accounts etc.... to operate under that threshold. Im not sure how people are going to work around this without creating big accounts with tax details come January.

james13v 04-30-2021 12:11 PM
Re: 1099k new limits
 
Quote:
Originally Posted by yankee (Post 1151786)
Everyone is really worried about MP but in all reality, guys running multiple stealth accounts will be wiped out by the $600 threshold. MP is a blessing compared to government mandates. I would need to close to 2000 stealth accounts, bank accounts etc.... to operate under that threshold. Im not sure how people are going to work around this without creating big accounts with tax details come January.
$1,200,000.... jeez. With that kind of money, why not have legitimate corps with tax id's and etc and doing real business on each stealth account.

yankee 04-30-2021 01:00 PM
Re: 1099k new limits
 
Quote:
Originally Posted by james13v (Post 1151792)
$1,200,000.... jeez. With that kind of money, why not have legitimate corps with tax id's and etc and doing real business on each stealth account.
I do........... for decades.

cmckim 05-05-2021 10:25 PM
Re: 1099k new limits
 
Quote:
Originally Posted by yankee (Post 1151798)
I do........... for decades.
We only can do so much...


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