[Alexandria Radio Club Reflector] 1099-K from PayPal for used radios I sold???

[Richard Adamy]

Hi Ed,

Was it PayPal?  My understanding is PayPal won't issue a 1099-K until you
exceed $20, 000 in sales AND 200 transactions.

Some of the others may be different.  I use a service in my business to
collect fees online and they send me a 1099 no matter what the amount.

Rich Adamy, KA4GFY (CPA)

On Wed, Apr 21, 2021 at 11:40 AM Edward Bradshaw <ebradshaw at gmail.com>
wrote:

> Did anyone else get a 1099-K from PayPal for used gear they sold last
> year?  I sold my KX2 for less than I bought AND had paid to have it
> fixed to begin with but since this is a hobby, I never claimed it as an
> asset in the previous year.  The total for the 1099-K is less than $2K
> for everything I had sold but it will still suck to have to pay taxes on
> that.
>
> 73,
>
> Ed Bradshaw, W4EDF
>
>
> ______________________________________________________________
> AlexandriaRadioClub mailing list
> Home: http://mailman.qth.net/mailman/listinfo/alexandriaradioclub
> Help: http://mailman.qth.net/mmfaq.htm
> Post: mailto:AlexandriaRadioClub at mailman.qth.net
>
> This list hosted by: http://www.qsl.net
> Please help support this email list: http://www.qsl.net/donate.html