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Smartdsve
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Re: 1099k

by Temp20220712A Contributor in Reporting Archives
‎Feb-01-2021 09:24 AM
‎Feb-01-2021 09:24 AM
What state do you live in? VT and MA went to $600 threshold in 2017 slipping it in at very end of the year and made it retroactive for that entire year. I am sure other states are starting to catch on and require PayPal to send 1099 k for anything over 600. The good news is that they are treating you as a business and you can now start gathering write-offs for a business loss. if you do your homework like I did you will actually make money on them. ... View more

Re: 1099k

by Temp20220712A Contributor in Reporting Archives
‎Feb-01-2021 09:24 AM
‎Feb-01-2021 09:24 AM
What state do you live in? VT and MA went to $600 threshold in 2017 slipping it in at very end of the year and made it retroactive for that entire year. I am sure other states are starting to catch on and require PayPal to send 1099 k for anything over 600. The good news is that they are treating you as a business and you can now start gathering write-offs for a business loss. if you do your homework like I did you will actually make money on them. ... View more
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