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what you should know about ebay/paypal if you don't.
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<p>[QUOTE="JCro57, post: 3043427, member: 92083"]Ok...I just got off the phone with paypal customer service, who then consulted a supervisor...</p><p><br /></p><p>I was told that unless I reach the $20,000 threshold in sales, they will definitely not be generating a 1099 in my specific case. (Come to think of it, they didn't send me one for last year's taxes.) </p><p><br /></p><p>I have a personal - not a business - account, as I only sold duplicates from upgrading and I am not a dealer. It might be different if you have a business account, or if you previously went over the threshold before even though this year you did not. There are also other reasons why you may have received a 1099 even of you didn't hit $20K, but those scenarios are too detailed for me to explain here. </p><p><br /></p><p>Call paypal customer service for your specific circumstances.</p><p><br /></p><p>I hope this eases a few peoples' nerves <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="JCro57, post: 3043427, member: 92083"]Ok...I just got off the phone with paypal customer service, who then consulted a supervisor... I was told that unless I reach the $20,000 threshold in sales, they will definitely not be generating a 1099 in my specific case. (Come to think of it, they didn't send me one for last year's taxes.) I have a personal - not a business - account, as I only sold duplicates from upgrading and I am not a dealer. It might be different if you have a business account, or if you previously went over the threshold before even though this year you did not. There are also other reasons why you may have received a 1099 even of you didn't hit $20K, but those scenarios are too detailed for me to explain here. Call paypal customer service for your specific circumstances. I hope this eases a few peoples' nerves :)[/QUOTE]
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what you should know about ebay/paypal if you don't.
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