Read that you may receive a 1099 if you use PayPal or similar place. Anyone know anything about this?
-
Having trouble using the site?
Contact support
1099K for using PayPal?
- Thread starter jlaw973
- Start date
Re: 1099K for using PayPal?
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: jlaw973</div><div class="ubbcode-body">Read that you may receive a 1099 if you use PayPal or similar place. Anyone know anything about this? </div></div>
Yes that started several years ago, I don't think they send the 1099 until you receive $20K or more.
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: jlaw973</div><div class="ubbcode-body">Read that you may receive a 1099 if you use PayPal or similar place. Anyone know anything about this? </div></div>
Yes that started several years ago, I don't think they send the 1099 until you receive $20K or more.
Re: 1099K for using PayPal?
That's good. Would hate to deal with it for selling a few things a year.
That's good. Would hate to deal with it for selling a few things a year.
Re: 1099K for using PayPal?
they snuck it into the health care bill....
you have to have 20k and 600 transactions (i think)
they snuck it into the health care bill....
you have to have 20k and 600 transactions (i think)
