do you get a 1099-k for payment from family and friends

dorrid
Contributor
Contributor

nonbusiness account do I get a 1099 tax form, from transaction from friends and family that send me money

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1 REPLY 1

PayPal_JonK
Moderator
Moderator

Hello @dorrid

 

Welcome to the PayPal Community, this is a great question! Short answer is no, friends and family transactions are not reported on the 1099-k. However, I would recommend reviewing the following Help Center article for any Goods and Services transactions you receive: Will PayPal report my business sales to the IRS?
 

I hope that helps!

 

 - Jon K


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