Tax and 1099 Information for US Sellers - StockX The IRS and some state taxing authorities may require StockX to report the amounts you receive for selling on StockX StockX is generally required to file a Form 1099-K report with the IRS if the gross amount of your transactions on our marketplace is $5,000 or more in 2024
r stockx on Reddit: how much of my profit is taxed on stockx . . . StockX isnt going to take the tax out on the front end, you'll be expected to pay what you owe, which will depend on a lot of factors most of which will have to do with where you live and how much you make per year at your main job or source(s) of income
How Much is StockX Shipping and Tax? - Watcher Guru How much is the StockX tax? Typically, the sales tax amount will vary depending on where the shipping destination is So, if your state has a 10% sales tax, this rate will be applied to your purchase
How much is StockX shipping and tax? - TinyGrab Let’s cut to the chase: StockX shipping fees vary depending on the item, your location, and the seller’s location In the US, expect shipping fees to generally range from $12 to $15 per item for sneakers and other common goods For larger items, expect the shipping fee to increase
Sale of items through StockX - Intuit There are 2 ways to report the income 1 If it is a hobby then the income is reported on schedule 1 for the full amount of the 1099 no expenses allowed to be taken 2 If it is a business then it would be reported on a schedule C (self-employed income)
Do I need to pay taxes on my sales? : r stockx - Reddit StockX isn’t going to do anything They don’t care about you doing your taxes Most people use PayPal or Venmo as the financial transaction part So, they will get a 1099 from PayPal if they go over $600 worth of sales Then when they file their taxes they can declare only the profit made
Sales Tax Exemption - StockX If you qualify for a sales tax exemption and register your business with your local government, you will be exempt from paying taxes on StockX purchases after registration StockX cannot refund any sales tax paid on purchases prior to your registration with both your local government and StockX
What are StockX fees for Buyers? If you are a US Buyer on StockX, you agree to pay any and all local, state, federal, or international taxes (including sales taxes) that may be due with respect to your purchase