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.
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