Received a PP 1099K for more than $20K income with one paypal account. Received a second PP 1099K for less than $20K on a second PP account. Likely because both have the same SS number.
I wonder if each account did not meet the reporting threshold, but when combined they did, if PP would issue a 1099K? Anyone outside of Massachusetts and Vermont where $600 triggers a PP 1099K, get 1099K's from PP that were all below the $20K threshold?
No Way Out: Stimulus and Money Printing Are the Only Path Left
@Pedzola said:
I thought 1099 requirement was tripped at $600. For my small business I need to send a 1099 to any lawyer or service provider i spend more than 600 with. This excludes suppliers / inventory cost.
Comments
Received a PP 1099K for more than $20K income with one paypal account. Received a second PP 1099K for less than $20K on a second PP account. Likely because both have the same SS number.
I wonder if each account did not meet the reporting threshold, but when combined they did, if PP would issue a 1099K? Anyone outside of Massachusetts and Vermont where $600 triggers a PP 1099K, get 1099K's from PP that were all below the $20K threshold?
No Way Out: Stimulus and Money Printing Are the Only Path Left
Different types of 1099's with different purposes.
Discussion here is the "K" form.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I took Heather's advice, and keep my mouth shut.... and do what I'm told.
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