Selling to rebag .. or trade ? And 1099k

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Bunnybunny88

Decade Club
Jul 22, 2015
135
311
Hello ladies /gents.

I am planning on selling few items to rebag as they are paying the highest out other consignments... but I have heard unlike yoogis or fashionphile, rebag DOES use dwolla to report any earning over $600 to IRS.

IRS recently announced it will delay the compliance of $600 ans over reporting requirement to year 2025. But since it has been changing so much and decision has been made last minute, I've heard some companies still provided 1099k regardless of IRS 's decision of delayed implementation.

I know all about " you should any earnings regardless of IRS etc" I'm not a professional seller and just like most of you, I'm cleaning out closet for stuff I no longer use at loss (not selling birkin/ Kelly etc that has premium)

My thing is, I do not want 1099k coming to my way and hassle of doing so. My husband absolutely hate me buying and selling for this reason .

My questions is

1. Has anyone received 1099k from rebag if you sold less than 20000 ?????

2. If I decide to do rebag credit (trade) do I still get 1099k from dwolla???(rebag)

Thanks !!!!
 
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