I got a Paypal 1099-k for MA residents early this year too, however, I recently checked IRS Get Transcript Online at https://www.irs.gov/individuals/get-transcript, I did not see my 1099-K there. Under "Wage & Income Transcript”, it lists all the W2 and 1099s (1099-INT, 1099-DIV, 1099-R etc.) that IRS has on file for you, but the 1099-k is not there. I had a 1099-k issued by Uber (for less than $100) a few years ago, and that 1099-K is there. On Paypal official web site, I found this: https://www.paypal.com/us/smarthelp/article/i-live-in-vermont-or-massachusetts%2C-what-are-the-form-1099-k-reporting-requirements-faq3895 "Will my income be reported to the IRS? The IRS reporting thresholds at the federal level haven’t changed, and US account holders whose payments exceed both US $20,000 in gross payment volume from sales of goods and services in a single year and 200 separate payments for goods and services in the same year are reportable. If your account didn’t reach the federal reporting thresholds, but did reach the revised state reporting thresholds, reporting would only be issued to Vermont or Massachusetts, as applicable." However, the 1099-k I received in mail is in normal IRS 1099-k format, and it did say "This is important tax information and is being furnished to the IRS". If you are an MA or VT residents and have received a 1099-K this year, but did not meet IRS threshold, could you also check the IRS transcript online and see if your 1099-k is there? Thanks!
... View more