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Old July 31st, 2024, 01:30 AM
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FetchMeAPepsi FetchMeAPepsi is offline
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Default Re: Can post parts for sale?

Quote:
Originally Posted by AZKen View Post
The IRS threshhold for 2023 is $20K, 2024 is $5000 to ease transition to $600 in 2025 but if a new administration comse in it could be more friendly. They don't have the staff for millions of petty sales, their request for staff was kiboshed, so they took the "easing the transition spin". MAGABE it will stay kiboshed.
5000/12 = $416.00/month.

But regardless of the IRS rule, Ebay has their own rule and will send you a 1099 for any income you generate if it's $600 for the entire year - which is reported to the IRS. You can sell two sets of trim and clear $600 on these old trucks. You're also trusting Ebay with your social security number.
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Some people are like slinkys. Not worth much but funny as heck when pushed down stairs.
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