When does Paypal report to the IRS?
Asked by: Jesica Hogan
I’m aware of the new IRS regulation that Paypal will be reporting their user’s activity for the 2011 year. Some sites quote $ 10,000 or 200 transactions, others report $ 20,000 AND 200 transactions – as if you must meet BOTH requirements to be subject to this new requirement.
Can anyone help clarify when you should expect Paypal to be sending you a 1099-K form?
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