No* 1099s for gig workers/ebayers this year.

[Cameramonkey]

(And if somebody can point me to the original thread about this, I'll be glad to post it there)

But will the likes of eBay honor it? Or will have they gone so far in their plans that they still email out 1099s anyway?

I'll believe it when I see it.

WSJ News Exclusive | IRS Delays Gig-Tax Filing Rule for Side Hustles of More Than $600

The Internal Revenue Service gives millions of Americans a one-year reprieve on new 1099-K tax-reporting requirements, offering relief to users of e-commerce platforms such as eBay, Etsy and Airbnb.

www.wsj.com

*at least not for those below the old rule of 200 transactions/$20k.

 

[schmart]

I suggest it would be based on how they deliver said 1099 documents. If electronic I could see them pushing them through. However, if they are printing and mailing them, that would be a significant expense so I'd bet it would be stopped. Besides, they can't quite have the final doc versions ready as there are still sales going on.

I am certain they will run and archive the reports for future reporting!

Just my 2c

--Rick

OOPS.... does me adding 2c require a formal report?

 

[Cameramonkey]

--Rick

OOPS.... does me adding 2c require a formal report?

Technically, yes. The crown needs their cut. But you can get away with doing it 30,000 more times before you need a 1099.