Question on eBay sales
I have a store that I sell items through, eBay, I will get a 1099 form for taxes if I exceed 200 individual sales or $20, 000 gross in sales.
My wife also has an eBay store created under her identification, SSN, email, etc.
She should also get a 1099 if she exceeds the same totals as above.
Question:
If neither one of us exceeds the 200 sales and $20k gross limits and do not get individual 1099’s, but jointly would exceed the limits, do we have to claim the income on our taxes?
