Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: DesertRhino
Just don’t use Venmo or Paypal...

Regarding eBay, for example, eBay issues the 1099, not Paypal, so the transaction won't go under the radar.

7 posted on 12/23/2022 11:30:50 AM PST by gloryblaze
[ Post Reply | Private Reply | To 5 | View Replies ]


To: gloryblaze

Whoah, I just checked that Both eBay and PayPal can issue them, so it will appear that the seller sold twice as much. Probably not too hard to prove if audited, but most sane people really like to avoid that situation.

https://www.americanexpress.com/en-us/business/blueprint/resource-center/finance/paypal-sellers-understanding-your-1099-k/#:~:text=Payment%20processing%20services%2C%20such%20as,conduct%20more%20than%20200%20transactions.


12 posted on 12/23/2022 11:45:14 AM PST by gloryblaze
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson