Student Account Tax Filing

[KeenBean4412]

 I currently have a student account. I notice that Paypals policy calls for taxes reported to the IRS via paypal at 200 transactions AND $20,000. 

I just made a sale today and they limited my account - Does this mean I reached my 200 transactions? Due to the fact I have not reached anywhere near $20,000. 

Does this mean when I enter my tax information I will be getting a tax file in the mail?

Please clarify!

BR,

Keenan

[sandypurins]

@KeenBean4412

You should have received an email message from PayPal explaining why your account is limited... what does it say?

Go here - https://www.paypal.com/us/webapps/mpp/irs6050w - to read about PayPal tax reporting.

-Sandy