Switch to blaming mercari for. This form helps document sales activity for tax reporting. The $600 is just the threshold for a platform having to send a 1099.
How does Mercari work? The Beginner's Guide to the Mercari Selling App
But, mercari won’t send you a 1099 since you didn’t do over 200 sales and $20,000.
No, you will itemize the cost of goods.
Any income that is “profit” i.e you cannot provide a legitimate deduction against it is taxable. It’s probably because you’re close to the amount already. It’s not mercari’s fault as it was a law passed by the federal government. If you don’t sell over $600 and you receive a 1099 from them next year, it’s just for your records so don’t panic.
See your sales proceeds and your transaction fee. We’ll send you a reminder when it’s time to submit your. It’s been delayed anyhow so you’re clear for 2022. In some cases, scammers may send a counterfeit version of the item you purchased;
In other instances, they may send a product in far worse condition than depicted in listing.
