Abell Auction is required by law to issue all consignors with a transactional value over $600 per calendar year, a Form 1099-K which includes the gross amount of all paid out transactions and will not include any adjustments, for example, credits, discounts, fees, refunds, reconciliation, or any other adjustable amounts. This means that the gross amount reported on your Form 1099-K may not be the final reportable amount on your tax return. Please consult your tax advisor with any questions you may have about your specific situation.
