Inverness, IL
Quoted from SantaEatsCheese:I guess I'm never selling a pinball machine on Ebay. Last month I took my son to some estate sales to look for comics for him, and happened upon some old video games in boxes and some old Warhammer sets. After dropping $100, I have sold them for $1500 on ebay over the course of the month (easy money). I just got a notice that I had sold too much, and they were sending me a 1099. Ebay makes selling the small stuff relatively easy (although I still hate the post office), but now they want you to pay taxes on private party sales for used stuff like pinball machines? Count me out.
Do you have a store? I was under the impression that if you are cleaning out your stuff (like a garage sale) you would not have to get a 1099K and pay taxes, the only people that got a 1099K were the ones that 'made a business of it'.
Either way it sucks, and will just have people stop selling on ebay and move to other sites.
Thanks for posting...next time I list on ebay, will definitely make me think twice.
