Quote:
Originally Posted by teza11
Another possible upside for sellers with more than 200 transactions and greater than $20k in sales is that the mid-year transition effectively resets the clock back to Jan 1. In other words, PayPal will base the issuance of their 2020 1099’s on sales from Jan 1 through eBays cut-over to managed payments. EBay will begin tracking and reporting 1099 sales from the go-live date of their managed payments program. So one could sell $39k between the two and not trigger a 1099. Just say’n. Not giving tax advice or encouraging anyone to not pay their taxes in full. 
Jeff |
Are you sure about this? Doesn't ebay count transactions and payments even though they go through paypal? If I rack up 19K via paypal, then 19K the new way, I'd imagine I'd get a 1099 from ebay for 38K. Another headache for my accountant!