About Tax Forms

DustinKoski
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Contributor

In 2014 I did not buy or sell anything but I did make about $2090 in freelance income which I am reporting on my taxes. As I understand, I need to have done $20,000 in transactions to get a 1099K, and while my income came nowhere near that, there were several times I transferred a few thousand into my account from my bank in anticipation of hiring people online for large projects which always fell through, and then when it became obvious the projects weren't going to happen I tranferred it back to the bank to collect interest. Also there were the numerous times I took my freelance pay out of my Paypal account to the bank for the same reason. Do those bank transfers count towards either the 200 transactions or the $20,000 totals? 

 

The tax documents tab on my account is saying that I don't have any tax documents for 2014, but do I have to contact Paypal itself for those documents? 

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