How does PayPal report my sales to the IRS? Will I receive a 1099 tax statement?
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 USD, AND
- 200 or more payments.
IRS Section 6050W applies to all payment providers, including PayPal. You can find more information and FAQs about IRS 6050W on the PayPal IRS 6050W website.
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