Thank you. I read through the quarterly tax link that you sent and found this general statement "If you don’t have taxes withheld from your pay by an employer or other payor and expect to owe $1,000 or more in taxes for the year, you typically need to pay quarterly estimated taxes".
With ebay now changing the sales reporting minimum from $20,000 in sales or 200+ items sold, and my hobbyist sales never having reached either of these numbers, this will be my first experience with the 1099-K.
Does the statement “expect to owe $1,000 or more in taxes”, refer to in my case ebay selling alone, or my household joint filing total? In my scenario I file jointly with my spouse’s employer W2 annually, and each year receive a refund from the IRS as opposed to ever owing/paying them at filing time.
