[FormInFunction]

GTFO here with the attitude. Don't blame me that you're a lousy seller. Saying you weren't aware of the $600 limit is absolute nonsense- you even updated the OP in this thread to reflect the items were sold to me, the next day, after you had already received payment. Surely you logged into your paypal to confirm receipt of payment, before you updated this thread, no? Paypal didn't notify you right then that there were problems?
You offered something for sale, I complied with your conditions, you had second thoughts and didn't deliver on your end. OP in this thread still even shows these items as sold to me.

Like I said earlier, Buyer beware. Dude supposedly works 12 hour shifts at a hospital yet can't be bothered to enter his SS number and pay taxes like a normal person.

I must have missed the part where you then agreed to send him $375 to cover the taxes. Can you show that message again?

 

[triz]

I stopped using PayPal as well for payments. I pay enough I don't need to constantly be giving money away to the government.

 

[pwnzor]

GTFO here with the attitude. Don't blame me that you're a lousy seller. Saying you weren't aware of the $600 limit is absolute nonsense-

Calling somebody a lousy seller when they gave you an instant refund is treading dangerously close to the line I'm going to draw in the sand for you right now.

I was a PayPal Business Member for 15 years until they started wanting me to pay taxes on my transactions, so I dropped my business membership. Now I only use it for small purchases and no longer accept payments through them unless it's splitting a lunch tab or something similarly small. I also found out the hard way with them, AFTER I had sold something and wanted to transfer the money to my checking account.

Perhaps you could have gone about this differently, even offer to pay the taxes yourself since YOU are the one wanting to buy the items.

So take it easy on the ad hominem comments. You're acting as if you have some sort of rights to his property, which you don't. This is a forum on the internet, not a retail store. He has all the rights, and the upper hand here - including the right to REFUSE SERVICE TO ANYONE.

From where I sit, it appears there have been several successful sales in this thread, with no other complaints.

 

[Aw11]

In all honesty I’m sure I marked them sold you you after you had sent payment. I don’t have the PayPal app and logged in the day after you had sent payment. That’s when I received the message about the 24% withholding and the $600 dollar limit this year. Had I known about the new law I would have updated my thread. If you sell any items on ebay, you are forced to open a business account. I think I’ve sold a total of two items on ebay over the years. I assure you that I do pay my taxes like everyone else. I just don’t think it’s justifiable to pay taxes on the small amount of used parts I have for sale. There really aren’t any payment options unless it’s payment through friends and family which gives the buyer no protection. As far as work, I can post a selfie 🤳

 

[pwnzor]

When buying stuff on forums from private citizens like this, I always send the money F&F if using PayPal. I've so far not ever been burned.

Until this situation popped up, I thought that $600 limit was per transaction, but you're saying it's $600 per person per year, period?

In any case, the reaction here was a bit over the top.

 

[Aw11]

When buying stuff on forums from private citizens like this, I always send the money F&F if using PayPal. I've so far not ever been burned.

Until this situation popped up, I thought that $600 limit was per transaction, but you're saying it's $600 per person per year, period?

In any case, the reaction here was a bit over the top.

Yes, theres a $600 dollar limit on private items sold starting this year.

 

[Gabzor]

Vouch for good seller, shit happens cause $600 limit for private sellers to us all

 

[frinesi2]

Yes, theres a $600 dollar limit on private items sold starting this year.

Wanted to add to this discussion because I sell parts on the Honda Hawk GT forum and it's an important topic for ANYBODY who uses PayPal, Venmo, etc. to discuss and get to the bottom of - my understanding from PayPal's explanation of the rules is that the reporting threshold for tax year 2023 is:

"$600 USD or more in gross sales from goods or services in the calendar year." (emphasis mine)

And this specifically applies to payments where the buyer selects "Goods and Services" - I don't see any indication that it applies to payments labled as "personal/friends and family".

Further, it doesn't matter if you are taking a loss on value, etc.:

"PayPal is required to report the total gross amount of payments received for goods and services which can include:

Amounts from selling personal items at a loss
Refunded amounts
Processing fees"

If anybody with a PayPal account wants to read their full explanation, you can see it by going to My Account (the gear wheel) > Statements and Taxes > then open the "Will PayPal report my sales to the IRS?" under Frequently Asked Questions.

This is going to take a lot of people by surprise and it's going to be a sh!tshow. Props to you for dealing patiently with unjustified accusations, @Aw11.


ETA:
And now for Part II - More Confusion!?

It appears that the IRS has delayed this until 2024

NTA Blog: Heard Loud and Clear: IRS Postpones Implementation of $600 Form 1099-K Reporting by a Year - TAS

However I don't see that explicitly stated on their website:

IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K | Internal Revenue Service

Notice 2023-10 (irs.gov)

Although it's possible by claiming that 2023 is now a transition year, and 2022 is no longer a transition year, that online payment platforms are required to generate a 1099-K triggered by the lower threshold, but are only required to report it the higher threshold of $20,000 in payments and a minimum of 200 transactions is reached for 2023. 🤷‍♂️

 

[Aw11]

Apparently this law was in effect during 2022 but they decided to delay it last December for the upcoming 2023 tax filing year. If the $600 dollar limit is met, e-commerce sites are required to now release that info to the IRS.

 

[literalbear]

I'm interested in the ECU, and maybe the intake? price?

 

[rfussman1]

Is the crash bar with a tow hook option?

 

[Funnyman]

Is the crash bar with a tow hook option?

The AMUSE rear crash bar has holes on each side for the tow hook location.