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New ebay payments require SS#?

I received an email from ebay and they now will deposit your amount from a sale directly into your bank account.  So, they require your routing and account numbers.  But they also required my SS number, which I'm not sure I like.  They say the purpose is to comply with government regulations.  Is there any reason to think they would transmit the amount of your sales to the irs and issue you a 1099?  I only occasionally sell used items on ebay and don't consider any amount I receive to be taxable income.  Thoughts? 
mtrot

Showing 1 response by fuzztone

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fuzztone
5,498 posts
 
Read up. It's not eBay it's IRS. Sell what ever you can this year. Stating in 2022 all transactions over $600 cumulative get a 1099. Airbnb, eBay, Craigslist, blah blah. The you have to supply accrusl cost for all sales on your 2022 tax return. Good luck finding receipts. I would not be surprised if it's not treated just like gambling. Losses can come off of like transactions only.
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