The company I work for pays me through here and for my student loan paperwork it is asking me if I have taxable income. I feel like it is no because I make no where close to $20,000 or 200 transactions. I tried messaging PayPal direct and they said someone would respond to me in 2 hours but, here it is 7 hours later and still nothing. I need to know as quickly as possible.
That's a great question! PayPal will issue a tax form if you've met both of those thresholds ($20,000 and 200 transactions in a calendar year). However, for more information on what exactly is taxable, we'd recommend consulting with a tax expert or researching within your specific country/state's guidelines. Even though PayPal hasn't issued you a form, these earnings may be required to be reported elsewhere.
