Ebay is going to ask you for your social security number federal id number so that needs to match however you're reporting those sales right in this video we're going to talk about the new rules for ebay and the 600.1099k for sales we did a separate video and we did general you know we include ebay and cellular paypal et cetera but this we're focused strictly on ebay what's the big change between last year and this year so now if you on ebay if you as an individual are selling anything from your house or from business whatever it may be if you sell over 600 through ebay they're going to send you a 1099k at the end of the year and i understand that this year when you get to 600 ebay is going to ask you for your social security number federal id number so that needs to match however you're reporting those sales right so once you hit that point you have to be ready to give them your social or federal id number and know that this is going to be reported to the irs so whatever they give you on this 1099 k whatever dollar amount the irs is gonna know about it so even if you're selling your kids clothes it is going to be reported if you're selling through ebay and with that at the end of the year you know before you had to have over twenty thousand dollars in transactions or in dollars or two hundred transactions now it's six hundred dollars cumulative for the whole year and then when they give you this information you said it's going to be reported the irs right you're at the end of the year going to get a 1099 k right...
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