Online shopping sites like Etsy, and eBay, and payment network PayPal ... However, due to a tax law change, a single transaction on a payment network of just $600 could trigger a 1099-K.
Those who use platforms like eBay and Facebook Marketplace to make a little money on the side will want to pay extra attention this tax season as ... payment app Zelle is exempt from the reporting ...
A lot has been published recently, especially on social media, about HMRC receiving information from platforms such as eBay ...