Taxes and transactions counted

[Laurcmyers]

I did 59 invoices and maybe 20 additional payments for goods and services. My transaction report for the year is showing 500+ transactions as my number next to my annual sales. Does that mean they are counting all 500 for tax purposes? Thought the 80 or so I did was well under the 200 threshold for 2021. No 1099 yet. Anyone get them yet this year?

[PayPal_JonK]

Hello @Laurcmyers,

Welcome to the PayPal Community! This is a great question. PayPal will start to send out 1099's around the 4th week of January. As far as what counts towards 1099 for the 2021 year, PayPal tracks the total payment volume on your account for Goods and Services payments. As long as your total payment volume is under 200 transactions and $20,000, you should not receive a 1099k for 2021.

I hope that helps!

 - Jon K