Being Charged Sales Tax On Ebay Purchase

Im sure theres more to it than just their opposition, I get the impression though even if it would be quite easy they still would do everything they can not to help out.

I mean it cant be that hard to run a search for whose sold over 1 million, or pre program state sales tax and have it applied to the sellers entered zip code. Of course that wouldnt prevent anyone from putting a fake one in.

Some sellers already do it on their own which can be an unpleasant surprise during checkout. I got hit by one that went from a good deal to oh man I could have gotten it cheaper.

The non-involvement is a good excuse to try and stay out of it. Though isn't buyer protection and intervening during problems a violation of non-involvement as well? To me that seems like that could create problems if they didnt implement a system because of non-involvement and the feds pursued them for it. Seems a little hard to claim you dont get involved when they do get involved in a very big way when necessary

I thought the threshold was $10k? Can we confirm that it is $20k or 200 items? Thanks!

It's not a 1099, it's a 1099K, and it is not a statement of income. The 1099K is just an information return you can use to verify your accounting.

Does anyone know if OHIO dropped their sales tax requirements on coins?

I've bought two this year, one from a seller who charged me tax two years ago for a coin, from in-state ebay dealers and neither added tax - both were $50 coins.

Haven't been to a B&M coin shop this year so I don't know if this is a new thing or the two ebay sellers just forgot to include it in their listings.

Thanks in advance!

What is the threshold for reporting income tax too on the profits from selling on ebay or selling anything?

In essence if ebay / paypal sends the irs a 1099k, you need to show a scehduale of your costs and expenses to prove gross income since the 1099k only shows net income

I use excel to keep track of the date of purchase of an item sold, cost, gross profit, seller, buyer, net profit and total profit for each sale on ebay, Ecrater, or Craigslist. That helps me keep track of my net profit to report to the IRS at the end of the year. I've sold stuff though in the past on ebay and they never came after me. Maybe I just wasn't audited.

Sales tax is setup by the seller in ebay options as a setting. This is typically done if the seller sells more than just coins.

For instance, in Illinois, coins are specifically exempt from being taxed, but an ebay seller who sells more than just coins would be setup to charge tax for in state sells.

When I run into this, the seller is always willing to adjust the invoice, but you have to wait for the invoice.