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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
chicagoblue1977's avatar
chicagoblue1977
224 posts
 
@stereo5 I am in Denver now, when I am actually on a surveillance in Rogers Park. 
Such a tech wiz you are.

Next I will be in Russia.  
chicagoblue1977's avatar
chicagoblue1977
224 posts
 
@stero5 Nope they are all in Buffalo Grove and Barrington

There are Republicans in Chicago

fiesta75
1,378 posts
 
This is not the forum for politics.
OP thanks for that, I don't sell that much, but that's great info.
fuzztone's avatar
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.
Migraines for everyone.
mtrot OP
804 posts
 
I see a big Craigslist boom incoming!
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