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Online Sellers: This is a Huge Announcement

MothersMilk

By MothersMilk
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MothersMilk

MothersMilk

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Posted

I have held off using Ebay (again), Marketplace, etc. because of the $600 rule. Looks like things have changed:

 

Much more in the article.

 

https://baynews9.com/fl/tampa/news/2023/11/21/irs-reporting-rules-venmo-cashapp-payment-apps

 

"For 2024, the basic reporting threshold will be increased from $600 to $5,000, the IRS said."

 

 

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