Taxes, VAT & 1099s

Yeah, we know—tax talk isn't fun. But just like a well-oiled locomotive, a smooth-running marketplace needs to follow the rules to keep everyone safe and on track. Here's what you need to know:

🚦 Sales Tax – We collect and remit sales tax in states where nexus is reached (that's just a fancy way of saying where we're legally required to). If it applies, it'll be calculated at checkout—no surprises.

🌍 VAT – For international transactions, VAT may apply depending on your country. We're working on building out proper VAT support to make buying and selling across borders seamless.

📄 1099-K – U.S. sellers may receive a Form 1099-K if they exceed applicable tax reporting thresholds (currently $20,000 in gross sales and 200 transactions under federal rules).

Tax-Exempt? If you're exempt from sales tax, just upload your resale certificate in your My Account portal.

🧰 We're also building tools to make tax tracking easier for you—because the less time you spend on forms, the more time you get to enjoy the hobby.

Still have questions? Reach out anytime at info@trainbid.com.