Mercari 1099 Limit 2024pitpoint Detail

Webthe paragraph that stood out to me was this one. “so, for people who are filing their taxes for calendar year 2023, the reporting requirement is still $20,000 and 200 transactions. Webthe 1099 from mercari would be reported on a sch c or as a miscellaneous income item, for which you would have a corresponding reduction of the income for the amount paid in. The reason mercari has to verify your id as a seller is that the law requires them to. If you plan to sell on any online platform, this will be requested of you.