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#2
06-28-2013, 06:00 AM
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I believe its $20,000, anything over, must be reported.
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#3
06-28-2013, 07:03 AM
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The other test is the number of transactions completed. You must also have 200 separate transactions.
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#4
06-28-2013, 07:15 PM
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20k in transactions and over 200 transactions. you must satisfy both requirements. if not your in the clear.
kevin
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#6
06-28-2013, 09:05 PM
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Just to be clear, those are the thresholds at which Paypal automatically sends a report to the IRS. Coming in below that threshold doesn't automatically relieve you from whatever tax obligations you might have as a result of your selling activities.
__________________
Ebay Store and Weekly Auctions Web Store with better selection and discounts Polite corrections for unidentified and misidentified photos appreciated. Rude corrections also appreciated, but less so.
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#7
06-29-2013, 06:19 AM
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i personally don't pay taxes on anything that i don't have to. you guys can give your money to the government if you want to
 kevin
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#8
06-29-2013, 07:22 AM
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Quote:
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