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ebay sent out 1099's at the end of 2011 also. Dont worry about it unless you sell over 200 items and receive more than $10,000 thru paypal payments. If you meet those criteria you will get the 1099. I file it as a business, that way i can claim cost of goods and overhead against it.
I buy and sell all types of scrap and escrap. I buy specialty and hard to sell escrap. I buy resale items. PM me or contact me at jghilino@hotmail.com
I AM ACTIVELY BUYING ESCRAP OF ALL TYPES. BOARDS, RAM, CPUS AND MUCH MORE
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I believe Uncle Sam's belief is you are supposed to pay taxes on all income
even if not documented with a 1099 or W2
And I find the income is a basis to offset expenses
Internet, the 2nd & 3rd phone lines, % use of the home as the office
which allows the same % deduction of home expenses >> Electric, heat, taxes, snow plowing, grass cutting and so and so and so
Last year the IRS was not set up for the PayPal 1099 so you just entered the amount in other income
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