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eBay issuing 1099-K forms in error & Fee Increases

Appears eBay is going to cause multiple headaches for a lot of sellers.

First of all, they apparently did not opt to stop sending 1099-K forms this year for sellers receiving over $600 and they actually did start sending out the forms anyway. At least I did get them for both of my selling accounts although they would not have been required under the previous laws/rules. The forms are available electronically in your seller Hub under the Payments tab.

I kept detailed records for the year and the total reported by eBay do not match my total, they are off by a slight amount.

Secondly, eBay's generation of the 1099-K forms has serious issues. Apparently they issued the forms to seller's personal name instead of a business name where registered and they reported it under their personal SSI# instead of their EID# for the business. No one knows how they are going to correct this or how the IRS will handle them. Here's a link to the Ecommercebytes article
https://www.ecommercebytes.com/C/blog/blog.pl?/pl/2023/2/1675305757.html

eBay will be holding an online chat session covering the 1099-K forms on Friday, Feb 8th at 1:00PM PT.
https://community.ebay.com/t5/Monthly-Chat-with-eBay-Staff/Monthly-Chat-February-8th-at-1-00-pm-PST/m-p/33528066#M29841

And by the way, the eBay Winter Seller Updated announced seller fees are increasing Feb 15th!!!

Wonder what else lurks around the corner with eBay?

Messages In This Thread

eBay issuing 1099-K forms in error & Fee Increases
Re: eBay issuing 1099-K forms in error & Fee Incre
EBay 1099-Fee Incre, and hard work does not matter
Re: IRS.

Copyright 2022 David Spragg