@Opus 17 wrote:
As a consignment shop, you are providing a place for others to display their merchandise, you process the payments and keep a percentage and pay the rest to the owner. You are required to issue 1099s. (You are also required to collect your vendors' tax ID numbers using form W-9.)
Wouldn't it be the other way around? The Consignment Shop is RECEIVING money (via commissions), not paying money (they don't own the items). If the individuals' activity rose to the level of a business, the individuals would need to issue a 1099 to the Consignment Shop. Right?
