It’s going to become harder to avoid telling the IRS about income from selling stuff online. Here’s what to know Published Fri, Mar 26 2021 10:01 AM EDT Updated Fri, Mar 26 2021 10:01 AM EDT Sarah O’Brien @sarahtgobrien Share Key Points Effective next year, sellers on certain online platforms like Etsy and eBay will receive a 1099-K if their sales are at least $600, down from the current threshold of $20,000 with a minimum of 200 transactions. Not all online sales are taxable, whether you receive tax form or not. Here’s when and how you should be reporting that income to the IRS. Visit our sponsors: Join and discover on Threads small business. Add your items for sale as well on a daily basis to the pinned post: https://www.threads.net/@baysidelu Online Crafts Fair facebook group for makers, artist, designers as well as Crafts Fair lovers BaysideLu https://www.mercari.com/u/user876398605/?sv=0 Bayside Books https://pangobooks.com/bookstore/b...
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