Paypal Changes for 2022

If you are mailed to 1099k form you can claim zero profit and be done with it.

What is interesting is that this new rule also has a requirement for the payment app to collect the users EIN or SS#.

This part is still being flushed out but expect this sometime. 

I would also expect that this recording and collecting will be used for state sales tax collation as some sites do not include this. 

If you buy on Ebay or Amazon you automatically are charged your local state sales tax.

If the privately owned Fed can generate trillions out of nothing and every dollar created as an IOU. All to be repaid by following generations, why pay taxes?

Unfortunately this thread has degrade into political commentary.  If you want to do that, go to your favorite social media outlet and vent your spleen. 

I stopped selling my electronics a while back because I always regretted it. If I buy online I try to avoid any tax by buying from dealers who have businesses in states who don't require I pay sales tax, although little by little they are becoming  scarce. Nice to know that PayPal will be reporting transaction  info to the government so that if I do sell something with a high price tag I won't be using PayPal except perhaps family and friends.