eBay 1099 question

[Automasters]

Wondering if anyone knows - Etsy now combines all accounts associated with a SSN and generates one 1099 with combined values. Does egay do the same now? Adding to my taxes looks good so far but I added two accounts afterwords and believe I added too much income as the 1099 egay sent may be the total for all accounts?

[yobar]

Maybe my answer is not very close to what you need, but if you are an American citizen and you use your personal data to sell on Etsy or another platform you should avoid crossing the limits.
In particular, Etsy should not do this with our taxes.

I can also recommend that you use stealth accounts to sell and avoid linking your SSN number with those accounts and sales.

[agent006140]

1099K goes by SSN,so sales venues will combine all your accounts using the same SSN.
How do you expect to receive your 1099k?by slow mail or download from Ebay ?
one copy goes to IRS,so IRS already have the same $$

Originally Posted by yobar

Maybe my answer is not very close to what you need, but if you are an American citizen and you use your personal data to sell on Etsy or another platform you should avoid crossing the limits.
In particular, Etsy should not do this with our taxes.

I can also recommend that you use stealth accounts to sell and avoid linking your SSN number with those accounts and sales.

If his stealth account is personal,he would have to give a SSN.

Then the next question is,like you have 10 Ebay accounts with same SSN,what is the address you give eBAY to mail tax documents?
If you look into the Ebay account,you can have one residential address,one which receives mail,one which is for customer return and one for shipping to your customer.

I believe 2023 ,the limit is 200 transactions AND $20K,so if you sell 199 transactions and $16k on each venue,no 1099K would be created ?when in fact in total,you have exceeded 200 transactions plus $20K.
The only way IRS is going to find out is to compare 2023 return with your past return,or someone snitch,or you get an audit and they start looking into your bank accounts.
IRS can also subpoena Ebay to disclose account activities

Someone once on this board bought a stealth account,which comes with SSN.
and start selling.
IRS moved in and took all his sales proceeds from his Paypal account.

[Automasters]

Yes, all accounts are genuine and have the same SSN

[Automasters]

Yes, my preference for all is to send a 1099 digitally, and I only had one 1099 received for last year. Two accounts were suspended around the middle of the year, no 1099 received. Then I made two new ones which only one had a 1099. I think you are correct, the first did not have enough sales whereas I know the new one did. They are combining amounts per SSN, this is why the numbers looked so off to me this year