Am I expected to receive 1099K and if yes, how can I avoid it?

girish1234
Contributor
Contributor

My friend transferred more than $600 to my account and this is international transaction. Paypal asked me my SSN so it can send 1099K. Am I expected to receive 1099K and if yes, how can I avoid it?

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4 REPLIES 4

girish1234
Contributor
Contributor

Thanks, but I did not sell anything to my friend. He simply transferred money to my account which he borrowed before.

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kernowlass
Esteemed Advisor
Esteemed Advisor

@girish1234 

 

Did he send using the friends/family OR goods/services ?


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girish1234
Contributor
Contributor

@kernowlass It is as Friend

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