Must consignee selling for others on eBay issue 1099 to consignors for personal property sales? Consignee sells items of personal property for individuals on eBay, and pays 85% of net sale proceeds to consignor. Various items sold for an individual (for example) will result in payments to consignor of a total $30,000 in 2014.
For the sale of personal property belonging to another person in this situation, does a 1099 need to be issued by the eBay seller to the owner of the property for the sales proceeds?
Thank you. |