Small business owners and individuals who make a profit selling goods, or even old family knick-knacks of a certain value, will soon be getting an additional tax form to file for the IRS. Since Jan. 1 of this year, companies like Venmo, PayPal and EBay have had to report gross payments of more than $600 to the IRS, Bloomberg reports. Anyone whose accounts bring in more than that amount will be getting a 1099-K to file, including if you sell your old laptop or if spring cleaning brings in over $600.

 

By Jordyn Dahl, Editor at LinkedIn News