2020 1099 ? Why would I get a 1099 if my sales were less than $20000 ?

[lor1903]

Does anyone know why I got a 2020 1099 as my sales were less than $20000 ?

[PayPal_Martin]

Hi @lor1903

Welcome to our Community!

There are further reasons the will trigger you receiving the1099.  PayPal will track the payment volume of your account to check whether your payment volume exceeds both of these levels in a calendar year:

• $20,000 USD in gross payment volume from sales of goods or services in a single calendar year
• 200 payments for goods or services in the same year

Some US States require merchant reporting at a lower threshold:

• Vermont, Massachusetts, Virginia, Maryland: $600 USD in gross payment volume from sales of goods or services in a single calendar year regardless of the number of transactions;
• Illinois: $1,000 USD in gross payment volume from sales of goods or services in a single calendar year with at least 3 payment processed

You will find more information here.

Thanks

Martin