I wonder how many AACA members like me buy and sell antique auto parts all year round? We buy at Hershey, we sell at Hershey, we buy at Carlisle, we sell on eBay. You get the idea.
So now eBay and PayPal are sending us 1099-K. We were told their sales threshold would be $20,000 and their sales volume would be $200; but now it looks like it has been changed to $600. So very few of us have met the latter, but many of us are getting to know the new one. Some states have already set a lower threshold.
Perhaps we have a tax expert or several experts here. Could you give us some tips?