{
  "title": "The 2026 Card Vendor Tax Sheet",
  "sub": "EVERY NUMBER YOU NEED AT THE TABLE. FEDERAL RULES FOR TAX YEAR 2026, CHECKED OCTOBER 29, 2026.",
  "stats": [
    {"n": "$20,000", "l": "AND MORE THAN 200 SALES BEFORE A PLATFORM SENDS A 1099-K"},
    {"n": "15.3%", "l": "SELF-EMPLOYMENT TAX ON 92.35% OF DEALER PROFIT"},
    {"n": "28%", "l": "CEILING ON LONG-TERM COLLECTIBLE GAINS FOR INVESTORS"},
    {"n": "$10,000", "l": "CASH IN ONE SALE OR RELATED SALES TRIGGERS FORM 8300"}
  ],
  "sections": [
    {"k": "DATES", "title": "The calendar", "rows": [
      ["Jan 15, 2027", "Fourth 2026 estimated payment due"],
      ["Jan 31, 2027", "1099-K forms reach sellers (Cash App: Feb 2)"],
      ["Apr 15, 2027", "2026 return due, first 2027 estimate due"],
      ["Apr 15, Jun 15, Sep 15, 2026", "The other 2026 estimated payments"],
      ["$1,000", "Expected tax that makes estimates required"],
      ["100% / 110%", "Safe harbor: last year's tax, 110% above $150,000 AGI"]
    ]},
    {"k": "THE FORM", "title": "1099-K, tax year 2025 onward", "rows": [
      ["$20,000 AND 200", "Federal threshold per platform; the $600 rule was repealed July 2025"],
      ["Gross", "Box 1a is before fees, refunds and shipping. You report profit"],
      ["$600", "State floor in MA, VT, VA, MD, DC, CA, MT, NC (per platforms)"],
      ["$1,000 + 4", "Illinois. NJ $1,000 and AR $2,500 as reported by platforms"],
      ["Stripe", "Whatnot forms come through Stripe; PayPal-only cashouts get none"],
      ["$0", "Tax threshold. Profit is taxable with or without a form"]
    ]},
    {"k": "DEALER MATH", "title": "Schedule C, the business", "rows": [
      ["Profit", "Sale minus fees, shipping and what the card cost you"],
      ["15.3%", "SE tax on 92.35% of profit; $184,500 Social Security base"],
      ["Half", "Of the SE tax is deductible"],
      ["20%", "QBI deduction, permanent; $400 minimum at $1,000 of income"],
      ["$400", "Net profit that makes Schedule SE required"],
      ["3 of 5", "Profit years that presume a business, not a hobby"]
    ]},
    {"k": "HOBBY", "title": "If the IRS calls it a hobby", "rows": [
      ["Schedule 1", "Where hobby income goes"],
      ["$0", "Expenses deductible. Permanent since July 2025"],
      ["Cost only", "You still subtract what the card cost"],
      ["No SE tax", "The one thing a hobby does not pay"]
    ]},
    {"k": "WRITE-OFFS", "title": "What a dealer deducts in 2026", "rows": [
      ["72.5c / 76c", "Mileage per mile, Jan to Jun / Jul to Dec 2026"],
      ["50%", "Meals on overnight show trips; lodging in full"],
      ["$5 / sq ft", "Simplified home office, up to 300 sq ft"],
      ["Grading", "Cost of the card, recovered when it sells"],
      ["Table, supplies, fees, software", "Deduct the year you pay them"],
      ["$2,000", "Pay a helper this much and a 1099-NEC is due (2026)"]
    ]},
    {"k": "CASH AND TRADES", "title": "At the table", "rows": [
      ["Form 8300", "More than $10,000 cash: file within 15 days, tell the buyer by Jan 31"],
      ["$10,000 or less", "Cashier's checks and money orders count as cash in a card sale"],
      ["24 hours", "Same buyer, payments added together; installments within 12 months"],
      ["Trade", "A card received is income at fair market value, and that is its basis"],
      ["The receipt", "Seller, date, item, price. Write it at the table"],
      ["Never split", "A payment to avoid the form. That is structuring"]
    ]},
    {"k": "SHOW STATES", "title": "Sales tax at the table", "rows": [
      ["New Jersey", "NJ-REG 15 business days before; CA-1 at the table; 6.625%"],
      ["New York", "DTF-17 20 days before; no temporary certificate; $500 first-day penalty"],
      ["Pennsylvania", "Transient Vendor Certificate, 30 days notice; 6%, 7% Allegheny, 8% Philadelphia"],
      ["Marketplaces", "eBay and Whatnot collect online; the table is yours"],
      ["Resale certificate", "Buy inventory tax free: ST-3 and ST-3NR (NJ), ST-120 (NY), REV-1220 (PA)"]
    ]},
    {"k": "PENALTIES", "title": "If it goes wrong", "rows": [
      ["5% a month", "Failure to file, up to 25%; $525 minimum after 60 days"],
      ["0.5% a month", "Failure to pay, up to 25%"],
      ["20%", "Accuracy penalty on a substantial understatement"],
      ["$34,930", "Minimum for ignoring Form 8300 on purpose (2027 filings)"],
      ["3 years", "Keep records; 6 if income was under-reported by 25%"]
    ]}
  ],
  "sources": "IRS: Form 1099-K FAQs (Oct 2025) · Self-employment tax · Pub 505 · Topic 409 · Topic 420 · Form 8300 reference guide · Pub 1544 · Pub 334 · Pub 583 · Standard mileage rates · Tax year 2026 inflation adjustments · Failure to file and pay · NJ Division of Taxation · NY Tax Dept TB-ST-360 · PA Dept of Revenue",
  "foot": "COMPED.IO/BLOG · FREE TO SHARE WITH CREDIT · NOT TAX ADVICE"
}