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since ‎Jan-21-2018
MNsnowbird
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Re: How to divide up a 1099-K income

by MNsnowbird Contributor in About Business
‎Jan-21-2018 08:43 PM
‎Jan-21-2018 08:43 PM
My son is 20 years old but still lives at home. Can he open a new paypal account under his name with the same home address? I would think he would also have to have a completely new Ebay account. It just seems to me that Ebay would not allow 2 Ebay accounts and 2 paypal accounts at the same address.  ... View more

How to divide up a 1099-K income

by MNsnowbird Contributor in About Business
‎Jan-21-2018 11:13 AM
‎Jan-21-2018 11:13 AM
I started my family's Ebay account 17 years ago. In the last few years my son's Ebay business has grown a lot to where I have been getting 1099K 's for the income. Again this year it will be well over 100k coming in with my SS number since my name is on the account.  I really need to create a separate account so my son gets his own 1099K with his name on it. From what I always thought was you can only have one Ebay account per household address and only one paypal account per address.  I understand the concept of not wanting to let people have multiple accounts to try to fly under the 20k threshold but separate people should be able to have separate accounts.   ... View more
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