? about having 2 PP accounts, and how tax information (1099) threasholds are handled
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Posted on
May-11-2021
07:34 AM
I have 2 different PP accounts.
Each are tied to the same bank account and social security numbers.
My question is.. at the end of the year (according to PP documentation) if my account has $20,000 or more in sales AND 200 or more transactions, a 1099 will be sent to me and the IRS.
Are my 2 accounts combined in this accrual or is each account totaled separately?
For example: If I have $19,000 and 250 transactions in one account and $5,000 and 100 transactions in the other, will I receive a 1099?
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