It has to be over 20k AND 200 transactions. If you didn’t get it by Jan. 31 you probably are t receiving one now. But you also don’t need it to file taxes.
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No- it’s still 20k and 200 transactions unless you live in some states with lower thresholds. The new law got pushed back again in November. So unless you live in a handful of states it’s 20k and 200 transactions and would would need to go over both.
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Your best chance is contacting customer service if you actually went over both 20k AND 200 transactions. That would be better option at this point than posting on here and waiting for something that isn’t coming because PP issued them 3 ish weeks ago now. No extension here.
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Posted something similar a week or two ago: you didn’t qualify for one. PayPal seems to have issues them all well before the Jan. 31st deadline. There is no extension- you simply won’t get one.
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Ok but if I don’t have one I wasn’t issued one right? This is where I can’t get a straight answer. Contacting support would be asking them to see if I’m eligible and generate one? All the forms were sent out by Jan. 31st- so if we can’t see it in statements and tax documents section that just means we didn’t hit the threshold, correct?
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So it’s obviously past January 31- it’s February 2 and nothing is in my tax section online. So I guess I didn’t qualify and will have to add everything myself. Thanks for your help.
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I also didn’t receive one. It was close I’m assuming and I’m probably under threshold. Looks like I will have to do it the old fashioned way.
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Thank you. Has the forms for this year been sent out yet? I see a lot of people commenting they have received one and the deadline is tomorrow. Should we expect more and if not issued by tomorrow contact PayPal or maybe we just don’t qualify?
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Here is where it is confusing for me. The article you posted lists 4 states in which PayPal will report 1099k to IRS. Other states have lower thresholds than federal and some are even listed on other sections of tax section. But does PayPal send 1099k to irs only to those 4 states and the other states with lower thresholds are sent to state taxing authority? Because last year there were again those 4 states listed and other states had a lower threshold. What is it specifically about those 4 states even though other states have a lower threshold as well? Thank you!
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I checked and in previous years I have got them by the 24th. Not the physical one- but notification that I had would and could view online. And some have stated they have received one. Who knows- hopefully soon.
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