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The law currently requires all selling platforms to issue a 1099-K to resellers when they have $600 or more in sales for the year. The past 2 years, eBay has gone to bat for resellers to have this pushed back, but will that happen this year and is anything going to be done to change this threshold? Now, with this said, I will supply this disclaimer, if your not selling your personal stuff on eBay and you are doing this to make a profit as an income or supplimental income, you should be reporting this regardless. That aside, if eBay reports your sales to the IRS through a 1099-K, you will be expected to report this income. THere has been talk all along that this threshold was being looked at for a more reasonable amount like $5k, however we have not had any update on this and in eBay's own chart they just released, it does show $600 as being the number for 2024. Lets discuss this and any other reselling related topics you might have on today's live! New Sponsor to the channel - Jadens Bluetooth Thermal Label Printer Don't overspend on a quality thermal label printer, use the link below to save 14% off https://jadens.com?sca_ref=6977684.CMT9VpjGE1 Use code: flip14 ********************************************************************************************* Check out thIs new Crosslisting Tool from TreeCat: https://treecat.io/login?code=FAE Save 20% off by using the above link to get started ********************************************************************************************* Save 10% Off Your Bubble and Poly Mailers with Jiaropack, Use This Link & Code: https://jiaropack.com/FlippinAintEasy Use Code: Flippin10 Check out American Bubble Boy for the best deal on bubble wrap (it's what we use!) https://www.americanbubbleboy.com?sca_ref=3542970.lIT5AhHH7x #ebay #ebaycommunity #ebayreseller #flippinainteasy Flippin Aint Easy Merch is Now Available! https://flippin-aint-easy.myspreadsho... Want to know what supplies I use or recommend for your eBay business? Click the link below: https://www.amazon.com/shop/flippinai... Please purchase any supplies you need through my Amazon shop – it helps to support this channel! Thank you so much for your support!!! My Main eBay Store Link: https://www.ebay.com/str/valuetrendze... Looking for a local source for liquidation? Check out liquidationmaps.com and find a liquidator near you… https://Liquidationmap.com ………………. FLIPPIN AINT EASY PLAYLISTS …………….. My Top Videos! - • My Top Tips for Resellers Bad Buyer Playlist - • Bad Buyer Playlists Liquidation Lot Playlist - • Liquidation Lot Playlist eBay Policy Playlist - • eBay Policy Playlist My Top Tops for Resellers - • My Top Tips for Resellers Live Stream Playlist - • Livestream Playlists Managed Payments Playlist - • Managed Payments Playlist Updated Playlist of eBay Success - • Updated Playlist of Success #ebay #ebaycommunity #flippinainteasy #ebayseller