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Old 07-12-2014, 10:26 PM
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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.



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