will i recieve a 1099 on a buisness account in ma.

tonyd1966
Contributor
Contributor

will I receive a 1099 on business account in massachusetts

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2 REPLIES 2

Oregon11
Advisor
Advisor

@tonyd1966

 

You'll receive a 1099-K if you exceed $20,000 in payments for the sale of goods and service and receive over two hundred separate payments for goods and services in the same calendar year.

 

Here is a PayPal link with details.

 

https://www.paypal.com/us/webapps/mpp/irs6050w

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PayPal_Olivia
Moderator
Moderator

Hi @tonyd1966,

 

That's a great question! The requirement has changed for Vermont and Massachusetts, and the 1099-K should have been sent to you if the income exceeded $600. If you did not receive one, please contact PayPal customer support to inquire. You can reach customer support by Facebook, Twitter, or phone or email.

 

I hope this helps!

 

Olivia

 

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