Are the tax criteria the same for personal and business accounts?
kylebutler42
Contributor
Options
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Posted on
Jul-25-2019
12:21 AM
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!
Labels:
- Labels:
-
Tax Documents
2 REPLIES 2
PayPal_Olivia
Moderator
Options
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Jul-29-2019
10:08 AM
Hi @kylebutler42,
Great question! The thresholds for sending a 1099K are the same regardless of the account type.
I hope this helps!
Olivia
If this post or any other was helpful, please enrich the Community by giving kudos to its author, accepting it as a solution, and/or coming back to assist others. Members make this Community great!
kylebutler42
Contributor
Options
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Jul-29-2019
11:15 AM
Haven't Found your Answer?
It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.
Related Content
- Can Volunteers Run a Business/Nonprofit Profile? in Reporting Archives
- How to split personal and LLC activity on a PayPal account for 1099K purposes? in Reporting Archives
- I am being asked for a TAX ID number on a business account, why? in Reporting Archives
- I believe I’m being scammed ? in Managing Risk and Fraud Archives
- Disputed Claim- Business Account in Managing Risk and Fraud Archives