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PayPal USA Community Chat 1/24 - Closed

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Member

Re: PayPal USA Community Chat 1/24 - Open

if a person were to call customer service and they verify you are under 20k in goods and services payments received, would it be safe to say you would not be getting a 1099.  this is assuming that there is no other account with that same tax ID or social attached to it.

 

And if the same thing was verified by going through reports on the account on that persons own time, and if it matched up with what the customer service agent came up with, is that something you can trust?

Member

Re: PayPal USA Community Chat 1/24 - Open

generic question: if it states on your paypal account under Tax Documents, that you have no 2017 documents available.  does that mean you have none available OR does it mean you could still have one coming OR does it mean you arent getting one.  now thi s would be prior to 1/31/18, if it was after 1/31/18 it woudl be safe to say that person would not be getting one 

Moderator

Re: PayPal USA Community Chat 1/24 - Open


racefan9160 wrote:

generic question: if it states on your paypal account under Tax Documents, that you have no 2017 documents available.  does that mean you have none available OR does it mean you could still have one coming OR does it mean you arent getting one.  now thi s would be prior to 1/31/18, if it was after 1/31/18 it woudl be safe to say that person would not be getting one 


@racefan9160 - We would recommend waiting until after January 31st to be sure. After that date, you should be good. Monitoring your reports for accuracy never hurts though. 

 


racefan9160 wrote:

what if a person was 500 dollars under the 20K threshold, would paypal send out a 1099k on that account becuase it is so close?


Nope. Smiley Happy 

 


racefan9160 wrote:

i also have never seen that report available to be ran on any account that i have seen.

 

i have seen the total of transactions but you would still have to manually go through it to get the correct totals 


That's strange. Smiley Sad If there are any errors locating the report based on the instructions provided, I would recommend reaching out to our customer support teammates for further research on the issue. Customer support can be reached by clicking "Help & Contact" on the PayPal website, @AskPayPal on Twitter or the PayPal Facebook page.  

 


racefan9160 wrote:

i would think if the same # was verified by a customer service rep that the person calling has the number would be accurate, is that safe to say?


 Yes. Smiley Happy 

 

One thing you did bring up in a previous message is that this is all assuming a person only has one PayPal account. If a person has more than one PayPal account and the accounts go over the thresholds combined, then it is possible that a 1099-K would be generated for the account holder. 

 

I hope this has been helpful! If you have further questions, please visit our Tax Reporting page.  Smiley Happy

 

-Ashley


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