New ebay payments require SS#?

@ chicagoblue1977,

You sound like what is wrong with the police.  The police haven’t been defunded, stop lying about it. We Democrats want police reform, particularly in the way people of color and minorities are treated, not defunding.  You speak yet another Republican lie. 

I don’t think it is a phishing scam.  eBay plans to have the IRS  send out 1099 forms to people who have sold there and it will be treated as untaxed income.  This was part of the “wonderful” tax revisions that was passed in 2018, I bet many people didn’t read the entire bill (I did).   You remember, the trickle down effect was supposed to help the middle class?  Well, it didn’t. This new “income” will need to be reported next year on your 2021 taxes

@mtrot,

You are correct, I meant to say eBay, my mistake. I read this I believe from one of the Stereophile writers.  It is also written into the 2018 tax law that online sales by private party’s will be subject to paying Federal Taxes on their sales starting with the 2021 income taxes. I understand PayPal is involved. I wonder if I will get a 1099 for everything I already sold this year?  I hope not as I practically gave away the GE Triton Ones I sold.  Paying a tax on that sale is would really add insult to injury.