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IRS Reporting

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almaribeats
Member
Posted on

I have two businesses that I operate and each of them has their individual business accounts both linked to my ssn but different emails.

My question is that with the 20k/200 transaction threshold for IRS reporting is would my transactions combined under my ssn or are both accounts income/transactions hold separate from each other?

 

Example; business account #1 makes 10k in sales 100 transactions and so does business account #2. These accounts under my SSN (different emails|banks) total 20k and 200 transactions which is the threshold to receive a 1099. Would I receive a 1099 or no because the accounts are separate?

2 REPLIES 2

IRS Reporting

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PayPal_Randy
Moderator

@almaribeats,

 

You can find additional Tax information here.  

 

- Randy

IRS Reporting

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Teslafan101
Frequent Contributor

i THINK YOU WILL RECEIVE TWO 1099 for the same SSN,but different business name.

 

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