cancel
Showing results for 
Search instead for 
Did you mean: 

Ebay Auction Payments Vs general Payments

Highlighted
Contributor

Ebay Auction Payments Vs general Payments

On the NEW month statements do paypal funds designated and received as 'GENERAL" payments that show no Paypal fees and received from family/friends, count as income received on yearly 1099 from Paypal?  Thank you for any help as with these new statements its really difficult decipher what is actual income according to Paypal and what isn't. Thank you for any help. Victoria

1 REPLY 1
Moderator

Re: Ebay Auction Payments Vs general Payments

Hi @GabbyT,

 

That's a great question.  Here's a link to the Help Center article on common US IRS Tax Questions.  In reviewing this article it appears that we are required to report payments received as goods and services and not friends and family payments.  I hope this helps.

 

Thanks!

MichelleW