Blowout Cards Forums
17-18 nba

Go Back   Blowout Cards Forums > COMMUNITY > Ebay/COMC/Online Selling/Shows/Paypal/Shipping

Notices

Ebay/COMC/Online Selling/Shows/Paypal/Shipping Share online or show selling experiences. Ask questions about eBay, Paypal, COMC, shipping, etc...

Reply
 
Thread Tools Display Modes
Old 01-22-2012, 01:48 PM   #1
hairysasquatch
Member
 
hairysasquatch's Avatar
 
Join Date: Dec 2008
Location: 308 Negra Arroyo Ln., Albuquerque, NM 87104
Posts: 7,288
Default 1099's from eBay and/or Paypal?

Anyone been hit with one yet?
__________________
"I don't have time for this sh*t, kid."
Join me in boycotting all Poopnini products! #BPF1Y
I will burn that bridge when I come to it.
hairysasquatch is offline   Reply With Quote
Old 01-22-2012, 08:34 PM   #2
DaveTaplin
Member
 
DaveTaplin's Avatar
 
Join Date: Aug 2010
Location: Rockland, Me
Posts: 1,395
Default

Have not seen it yet. You don't need it for tax purposes any way this year. There is a new line for the 1099 K on the form but it says to enter 0 and any income be listed on a different line. It actually says 1099k info not used this year.


Paypal is still sending the info to the government so the need to file is still there, just not the need for the form itself.

You can just view the yearly report that will give the totals.
DaveTaplin is offline   Reply With Quote
Old 01-23-2012, 01:41 PM   #3
scottkoz20
Member
 
Join Date: Oct 2011
Location: Lewiston, NY
Posts: 142
Default

is paypal sending information for any amount or a set amount?
scottkoz20 is offline   Reply With Quote
Old 01-23-2012, 02:50 PM   #4
cruiserdaddy7
Member
 
cruiserdaddy7's Avatar
 
Join Date: Jul 2007
Posts: 11,153
Default

Quote:
Originally Posted by scottkoz20 View Post
is paypal sending information for any amount or a set amount?
They REPORT for 200 transactions AND $20,000. Must hit both. So far in 2012 I notice my buyers havent been able to make combined payments, instead if they buy 4 items Im getting multiple payments.
__________________
Show me your friends and I'll show you your future.
cruiserdaddy7 is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 07:32 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Copyright 2013, Blowout Cards Inc.