The IRS is lowering the Form 1099-K reporting threshold, but has delayed the date of the change by 1 year. Changes to the IRS minimum reporting threshold in 2023 If you have specific questions about reconciling the amounts on your Form 1099-K, we recommend you speak with a tax professional. Once your report is available to download, you'll be notified by email. Scroll down to Payment reports and taxes.Go to Payments - opens in new window or tab in My eBay.Here's how to download your 1099-K detailed report in My eBay: From the menu on the left, select Taxes.Go to the Payments tab - opens in new window or tab in Seller Hub.Here's how to download your 1099-K detailed report in Seller Hub: To help reconcile the transactions included on your Form 1099-K, you can download a 1099-K detailed report that provides a detailed breakdown of all unadjusted gross payment transactions on your 1099-K form. For more information, visit Understanding your Form 1099-K - opens in new window or tab on the IRS website. We’ll send your Form 1099-K with the information you’ve used to register your account, in accordance with IRS recommendations. If there's an issue with any transaction on your Form 1099-K, you can contact us with the item number and any relevant information about the transaction.Īdditionally, Form 1099-K does not include the sales tax when it is automatically collected and remitted by eBay. You should consult your tax advisor to determine how best to use the information on your Form 1099-K when filing your personal and/or business income tax return. This means that the gross amount on your Form 1099-K may not be the final reportable amount on your tax return. This amount does not include any adjustments, for example, credits, discounts, fees, refunds, or any other adjustable amounts. What's included in Form 1099-KĪs Form 1099-K is an IRS information return, it includes the gross amount of all reportable payments within a calendar year, based on when funds settle to eBay, not necessarily when funds are received by sellers.

We can't split the form between multiple tax ID numbers for the same calendar year. For the tax year 2022, if you have over 200 sales transactions combined between the two accounts, and received $19,999 in payments on one account and $5 on the other, you'll receive a separate Form 1099-K for each account. If your combined sales exceed the above thresholds, you'll receive a Form 1099-K for each account, even if one or more of the individual accounts do not exceed the IRS reporting thresholds.įor example, you may have two eBay seller accounts associated with the same Tax ID. If you have multiple eBay accounts associated with the same Tax ID, your thresholds are calculated by combining all payment transactions. When filing your tax return with the IRS, please ensure that the name on your eBay account is the same name associated with your Tax ID.

If this is the case, we'll let you know what you need to do. If your details can't be verified, you'll need to provide a Form W-9 or Form W-8. Verifying your Tax IDĪfter you provide your Tax ID, eBay will verify it. If PayPal or another authorized payment service also processed any of your eBay payments during the previous calendar year, you should receive a separate form from them, if your transactions met the IRS reporting thresholds outlined above. Forms 1099-K will also be reported to the IRS and the correct state tax authority, where applicable. It will show payments received for sales on eBay, and includes the gross amount and number of payment transactions, your name, address, and 9-digit Tax ID. You can also receive a downloadable copy in Seller Hub - opens in new window or tab and My eBay. If eligible, you'll automatically receive a Form 1099-K in the mail. We'll provide you with Form 1099-K by January 31 each year if you've received payments that meet or exceed the minimum IRS or state reporting thresholds in the previous calendar year: IRS minimum reporting thresholds Online marketplaces like eBay are required to issue a 1099-K to US sellers who've received payments from online sales that meet or exceed the minimum threshold set by the IRS and each applicable state. Form 1099-K is an IRS form for reporting applicable payments received within a calendar year.

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