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Thread: eBay / PayPal and TIN ??

  1. #1
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    eBay / PayPal and TIN ??

    I just sold a whole 150$ item on eBay, and get an email from PayPal asking for TIN...Tax Id Number. New for 21??

    Is there a $$ limit for yearly selling on eBay??

    TP in VA

  2. #2
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    Who asked for it? Ebay or purchaser?


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  3. #3
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    Quote Originally Posted by Thomas C Potter View Post
    I just sold a whole 150$ item on eBay, and get an email from PayPal asking for TIN...Tax Id Number. New for 21??

    Is there a $$ limit for yearly selling on eBay??

    TP in VA
    E.A.D. Is the proper response, why pay income tax on something you already bought and sold probably for less than you paid, unless your planning on writing it off as a loss.


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    I get scam emails monthly from "paypal" saying they put a hold on my account due to suspicious activity and want me to sign in on their link. Just reply with something simple and see if it bounces back thru mailer-demon.
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  5. #5
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    Quote Originally Posted by Thomas C Potter View Post
    I just sold a whole 150$ item on eBay, and get an email from PayPal asking for TIN...Tax Id Number. New for 21??

    Is there a $$ limit for yearly selling on eBay??

    TP in VA
    Parpal should not be asking for sensitive info like SS or TIN.

    Do not answer that!

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    I thank you 2 for good responses.

  7. #7
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    Quote Originally Posted by Thomas C Potter View Post
    I thank you 2 for good responses.
    Check the email address it came from, it could be a spam email.


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  8. #8
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    I sold on eBay for a living last 2-3 years. If you sell more than 250 items per year, and sell over $20,000.00 in that year PayPal will send you a 1099.
    If you sold 10 items for a million dollars, you will not get a 1099

    key would just sell under $19,500 in any sales including returns off eBay, and ANY OTHER money coming thru your PayPal account.

    just set your eBay account with $$ going directly into your checking account, then PayPal can eat *****
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  9. #9
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    Everything is starting to get taxed when using a common forum. Wait for on here too...... Private sales are still considered occasional sales, so no sales tax. New rules in effect in 2021. E-Bay has been charging sales tax on items for a while now.
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  10. #10
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    Mr TurboBryan, can you give me a clue as to where I set payments for items sold, into my checking account?? Thnx a bunch.account scrn sht 1 20 21.png

  11. #11
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    if you received a message on eBay about it, click that hyperlink to set up your bank. I’m on my phone at work and not much help at the moment

    Quote Originally Posted by Thomas C Potter View Post
    Mr TurboBryan, can you give me a clue as to where I set payments for items sold, into my checking account?? Thnx a bunch.account scrn sht 1 20 21.png
    The twins2.3 whipple/aluminatorVortech V-2 lots of goodies

    04 DTR totaled, might make into a station wagon Here is how bad it was https://youtu.be/REUxjP1BVpg

    04 Silver Birch Dark Charcoal Hardtop Whipple
    04 Silver Birch Dark Charcoal Hardtop V2
    04 Silver Birch Light Flint To Dark Charcoal Converted
    03 DD Blue / Light Flint
    03 Blue / Dark Charcoal #232
    03 Silver Birch Light Flint <--- Cannot kill it.
    03 Black 300a

    04 Heaton Swapped DTR
    Joe's Wrecked DTR rebuild thread

  12. #12
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    that eBay tax is state by state basis. I live in Kansas and Missouri and neither are taxed.
    Thank your people for voting for it!!

    Quote Originally Posted by Dragcity View Post
    Everything is starting to get taxed when using a common forum. Wait for on here too...... Private sales are still considered occasional sales, so no sales tax. New rules in effect in 2021. E-Bay has been charging sales tax on items for a while now.
    The twins2.3 whipple/aluminatorVortech V-2 lots of goodies

    04 DTR totaled, might make into a station wagon Here is how bad it was https://youtu.be/REUxjP1BVpg

    04 Silver Birch Dark Charcoal Hardtop Whipple
    04 Silver Birch Dark Charcoal Hardtop V2
    04 Silver Birch Light Flint To Dark Charcoal Converted
    03 DD Blue / Light Flint
    03 Blue / Dark Charcoal #232
    03 Silver Birch Light Flint <--- Cannot kill it.
    03 Black 300a

    04 Heaton Swapped DTR
    Joe's Wrecked DTR rebuild thread

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