Quote:
Originally Posted by slidekellyslide
Interesting...so someone with $19,999 in sales has to report nothing to the IRS?
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Or more, if the second threshold of 200 transactions is not met..
Lifted from PayPal Help:
Starting in 2011, PayPal is required by the IRS to report the sales of goods and services for customers who, in a single year receive:
• More than $20,000, AND
• 200 or more payments.