Is this True?

[ghackett5]

I got an email today from ebay.

eBay Main Street logo
1099-K Issue is Resolved!
 
Hi ,

We are happy to report that, thanks to your efforts, Congress has restored the original 1099-K reporting threshold of $20,000 and 200 transactions. This change will prevent millions of Americans who are selling used, personal items from receiving unnecessary and confusing tax forms.

This change wouldn’t have been possible without the voice of the eBay Main Street community. Thank you for speaking up and making your voice heard!

Sincerely,

The eBay Government Relations Team

[JamesNorth101]

Did it ever get lowed in the end to the $600? I thought it was pending a lot but never implemented

[Automasters]

I believe it is true - it was passed in the big beautiful bill a few days ago...

[ghackett5]

Would the tax reporting for current year 2025 be the $2500 ?

[level4tech]

I hope this is legit! I believe the $600 threshold was instituted years ago.

[philby]

Is this a hard limit for entire year or along with the number of sales?