Are the tax criteria the same for personal and business accounts?

kylebutler42
Contributor
Contributor

Hi,

I am thinking about upgrading from a personal account to a business one. Are the tax criteria the same for a business account as they are for a personal one? 200 transactions and $20,000 earned per year before PayPal sends a tax form?

Thanks!

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2 REPLIES 2

PayPal_Olivia
Moderator
Moderator

Hi @kylebutler42,

 

Great question! The thresholds for sending a 1099K are the same regardless of the account type.

 

I hope this helps!

 

Olivia

 

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kylebutler42
Contributor
Contributor

Thank you so much, Olivia. That's what I needed to know!

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