income taxes

CJS3
New Community Member

if my sales are less than 200 transactions and less than the $20,000 do I have to report this on my income taxes?

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1 REPLY 1

PayPal_Olivia
Moderator
Moderator

Hi @CJS3,

 

Thank you for your post! I'm afraid that PayPal cannot provide any tax advice, and is only able to provide reporting regarding the income you received through your PayPal account. I would suggest consulting with a tax professional or the IRS directly to determine what your obligations are for reporting income. 

 

For other information regarding this topic, please take a look here.

 

I hope this helps!

 

Olivia

 

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