cancel
Showing results for 
Search instead for 
Did you mean: 

20017 TAX FORM 1099-K

SOLVED
Member

20017 TAX FORM 1099-K

I received a PayPal form 1099-k  to be claimed to IRS , but I cannot find information on my PayPal account referring my 2017 tax doc.

where that income that I have to claim to IRS come from?

I do not do business but I sell goods from time in time. 

any help would be greatly appreciated.

Angelo.

1 ACCEPTED SOLUTION

Accepted Solutions
Highlighted
Volunteer Advisor

Re: 20017 TAX FORM 1099-K

It typically doesn't happen until you get to a particular level of sales. How much did you sell in the previous years? It's possible you actually did get a 1099 in those years and simply didn't realize it. Or maybe your sales were for a very low amount, like < $600 for the year..??

Angell EYE - www.angelleye.com
PayPal Partner and Certified Developer - Kudos are Greatly Appreciated!
3 REPLIES
Volunteer Advisor

Re: 20017 TAX FORM 1099-K

Any payments that you receive to PayPal are technically taxable income. You could then have some expenses that offset the income to come up with a final taxable net profit. That would be up to you to have good records of all of that for tax prep purposes.

Angell EYE - www.angelleye.com
PayPal Partner and Certified Developer - Kudos are Greatly Appreciated!
Member

Re: 20017 TAX FORM 1099-K

Thank you for your kindly reply, but what surprised me , is that this year was the first time I received a paypal tax form .

 I was on Paypal since 2001 and I have sold goods in the past, but never had a form to submit to IRS.

Woul  like to know why. Regards

Highlighted
Volunteer Advisor

Re: 20017 TAX FORM 1099-K

It typically doesn't happen until you get to a particular level of sales. How much did you sell in the previous years? It's possible you actually did get a 1099 in those years and simply didn't realize it. Or maybe your sales were for a very low amount, like < $600 for the year..??

Angell EYE - www.angelleye.com
PayPal Partner and Certified Developer - Kudos are Greatly Appreciated!