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As part of changes to U.S. law, beginning in January 2022, CollX is required to provide any seller with $600 or more in gross sales on our platform during the 2022 calendar year with a Form 1099-K.
If you meet the $600 gross sales threshold for the 2022 calendar year (including fees, shipping costs, sales tax, refunds, and canceled orders), you will receive communications from CollX asking you to update your account with the following taxpayer information:
It is important that the taxpayer information you provide in your account matches the information you provide to the IRS for your annual tax return.
