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If i made $1,120 on eBay and Shopify sales on 2021 (living in maryland) do i need to do state and/or federal taxes?
I am not sure if i need to do taxes this year based on the sales i did in ebay and shopify (totaling to about $1,120 in 2021). I saw a page on eBay about 200 listings and $20,000 minimum to report the taxes but i am not sure what that means and if whether i need to do taxes. link attached Tax Information (ebay.com) (Form 1099-K FAQs) I am an owner of a small business where my sales are from ebay and shopify, i dont know if that helps you giving me the right answer. Hope to recieve a reply please!
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‎January 21, 2022
12:17 PM