You need both over 20k and 200 transactions, so you’re probably under 200 transactions. You can make 150k and only have 100 transactions and you still would not get one.
They submit nothing. A 1099k would go to irs if you were eligible. But if not then the irs receives nothing. But as PayPal, websites , and so called tax professionals will tell you- that doesn’t mean you don’t report it, just means they aren’t notified. But if a tree falls in the forest and no one is around to hear it/ does it make a sound? 😉
