Ebay 1099-K

[SgtPepper777]

I am on social security disability and it looks like I will have about $1500 of sales on personal items on Ebay this year (2023).  My social security disability is not consider income and I do not, otherwise, have to file income taxes.  Will I be required to file taxes with the 1099-K that Ebay is going to send me for the $1500 of personal items I sold in Ebay?  I can't imagine I would owe any taxes with a yearly income of $1500?

thanks,

[NCperson]

@SgtPepper777 - no, because  there is no requirement to file a tax return unless your income exceeds $13,850 (excluding the SS disability income)

In most cases, selling personal items on eBay is not income in any event.  Presumably you are selling for less than what you originally paid for them and that personal loss is not deductible or considered taxable income. 

[SgtPepper777]

Your answer sounds logical, but with the new rules it states that if one sells more than $400.00 on Ebay or the like, you are considered self-employed and must file.  I'm not going to lose any sleep over this, as I can't believe the IRS is going to come after me for selling $1500 worth of personal property on Ebay--but, then again, u never know.

[fanfare]

If you sell personal items,

you are not considered Self-Employed.

Also, most personal items are sold at a loss which is not deductible, but not a gain either.

@SgtPepper777 

[Hal_Al]

Q. Will I be required to file taxes with the 1099-K that Ebay is going to send me for the $1500 of personal items I sold in Ebay? 

A. Simple answer: No.

But, we don't really know, yet, what the IRS will be doing.  For those who already need to file, but get a 1099-K from eBay (and their ilk), the tax forms and TurboTax (TT) software will be able to report the sale of personal items without treating it as self employment. TT can do that for 2022 returns.  

In your case, you don't need to file. But we don't know yet what the IRS will be doing with those $400+ 1099-K forms. 

[SgtPepper777]

thanks for the reply.