Tax question

[mfh247]

My account was used for business only but I didn't start with an EIN but my personal SSN, I only added the EIN later.  Now the business is closed and my account is limited because Paypal needs Vendor/supplier information, Submit a copy of your business catalogue or brochure, & Submit your inventory receipts.  Will my personal SSN receive the 1099-K or with it be taxed to the EIN because none of the payment were for personal profit.  If anyone could help that would be much appreciated.

Thanks  

[sharpiemarker · Accepted solution]

@mfh247 

I would imagine that since it is a business account and you entered an EIN, it would be on your EIN. If one didn't have an EIN entered, just only SSN, then it would go to your social.

[PayPal_Olivia]

Hi @mfh247,

Thank you for your post! The information that @sharpiemarker gave is exactly right!

Olivia

[mfh247]

Thanks much appreciated PayPal_Olivia, I didn't do it myself because the agent I was chatting with told me that if I didn't resolve the issues with my account that the 1099-K would be on my SSN.  I understand that he needed me to get it resolved but like I told him, one of the issues was with an account I have nothing to do with.  I'm not using the account anymore and would rather not deal with customer service agents trying to give me false information and get me worried.

[PayPal_Olivia]

Hi @mfh247,

There are times when an SSN is needed for an account even if it's a business account. The EIN would be how the tax document is assigned, but the SSN might be used to handle identity confirmation. It would also be the tax number in a situation where an EIN is not furnished.

I'm sorry that there was confusion in the conversation that you had with support.

Olivia