IRS REPORTING

Paroan
Contributor
Contributor

In 2019 my sales were just over $20,000 and over 200 transactions so Paypal reported this to the IRS.  This year my transactions will still be over 200 but the sales will be under $20,000.  Does this mean Paypal will not report my sales to the IRS?

Do they treat each year on its own or once they report you do they always report?

 

Thanks

Login to Me Too
0 REPLIES 0

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.