1009-K Limits

[James1910]

I see PayPal will send out a Form 1099-K if you exceed $20,000 in sales and exceed 200 items. Question does the $20,000 including shipping costs I've paid using PayPal or only gross sales?

[Hemerk]

Hi @James1910 

Thank you for reaching out to the PayPal Community Forum!

The $20,000 aount that the system checks are only the payments you received for goods or services. This does not include payments you sent out.

You can learn more from here. 

https://www.paypal.com/us/smarthelp/article/common-us-irs-tax-questions-1099-k,-b-notice,-and-fatca-...

Hope this helps!

Kudos and Solved are highly appreciated