New ebay payments require SS#?

@8th-note
Thanks for that helpful information.  One problem I see is that some people selling their used audio equipment may have owned the equipment for decades and have no idea where the original receipt is, nor may they remember exactly how much they paid for it.  They may even have paid cash for it, and no receipt was involved.  Some of this gear may be worth quite a bit of money, but why should they owe any income tax on it? 

Also, what about items that you inherited?  If you inherit an expensive piece of audio gear and have no use for it, why should you owe income tax on any sales proceeds from it?  And you would not have purchased it and received a receipt, either.

All online selling sites will be doing 1099s for yearly sales over $600...

• "It is not a sales tax issue but the linking (routing number & account number) of my Bank Account with my eBay account."

Okay, I just went onto my eBay account. They requested that I supply my bank account number and THE LAST FOUR DIGITS OF MY SS#.  This was so they could pay me for what I sell, and also charge me the eBay fees, if any. They already had my bank information through my PayPal account.

I'm not registered with eBay as a business, so there shouldn't be any 1099s. Unless tax laws have changed over time, there are no federal taxes due on hobby items bought and sold. 

Another thought ... On federal taxes; why isn't an allowance given for inflation? In other words, If I bought a MacIntosh amp in 1969 for  $300, and sold it today for $1000, I should be able to calculate the purchasing power of $1000 today vs the $300 in 1969 dollars and pay taxes on the difference, if indeed there is any true gain. 

All the more reason to abolish the 16th Amendment and go with a simple end-user federal sales tax. 

Frank

I suggest that the audiophile community ditch eBay and support the audio gear aftermarket selling/buying sites. eBay offers no protection. They say they do. From personal experience they don’t. They charge high fees and sales tax. It is not attractive at all. If I want to sell something and reach the audiophile community all you need is Agon and usaudiomart. If you want to, aufiophilestyle. This especially goes for expensive gear. 

If Paypal & the other services are doing it too, then everyone is screwed!
Great way to screw the little guy trying to make a buck.