Sell on eBay or Get Paid on Venmo? You Probably Owe the IRS Taxes

Whether you sell vinyl records on eBay, teach tennis lessons and receive payments via Venmo, or rent out your home on AirBnB, your side hustle can end up in the form of a tax hassle.

Internal Revenue Service A new law was delayed for a year Payment processors such as Venmo and Cash App and platforms such as eBay, Etsy and Airbnb are required to send tax forms to users who earn more than $600 in revenue.