[Boatanchors] eBay/PayPal

[Larry]

Be careful.  The IRS might decide that your added income from Ebay will 
be subtracted from your Social Security check.

Nope, NOT, NADA.  Have to find another way to sell stuff.

Several years back at the Mesa Swapmeet there were city people there 
handing out paperwork for each seller to fill out stating how much he 
either would sel or an estimate of how much he would sell.  Guess what 
they wanted that info for?  I think most of the sellers just it for 
toilet paper although it was a bit harsh if you know what i mean.  
Instead of burning up $1 bills to light their cigarettes they used this 
paper as well.

Larry W0OGH


On 2/1/2021 4:24 PM, brloper at gmail.com wrote:
> I did see that I used to sell a lot of stuff, but I'm not going to participate.  The internet is a huge market and Uncle Sugar is going to get his.
>
> -----Original Message-----
> From: boatanchors-bounces at mailman.qth.net <boatanchors-bounces at mailman.qth.net> On Behalf Of Rich Arland
> Sent: Monday, February 1, 2021 5:21 PM
> To: boatanchors at mailman.qth.net
> Subject: [Boatanchors] eBay/PayPal
>
> Has anyone recently checked the email from eBay? If not, methinks eBay has rolled over for the IRS. Apparently (as I read the mssg) after 2-28-2021 you will be paid directly to your bank account rather than PayPal. In order to do this, you have to "update" your eBay account info including providing your SSAN and DoB. Whatcha wanna bet that that info will be sent directly to the IRS after you sell a piece of gear on eBay? Which means you will have to declare this "income" to the IRS when you file each year.
>
> Comments?.
>
> Vy 73
> ​​
> Rich  K7SZ.
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