If the now delayed reporting of PayPal and Venmo income work similar to 1099 forms, its all receipts after reaching 600 threshold, NOT just 600 dollar transactions. - The Great Awakening

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If the now delayed reporting of PayPal and Venmo income work similar to 1099 forms, its all receipts after reaching 600 threshold, NOT just 600 dollar transactions.

posted 2 years ago by GodBlessAmerica58 2 years ago by GodBlessAmerica58 +18 / -0

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– Nitrojunkie72 2 points 2 years ago +2 / -0

100%. They make me sperate all the different payment methods for my buisness. I used to get a 1099 for credit cards and ach payments but now they apparently don't send them until there is 20k in sales or 200 transactions. I have to keep track of them myself.

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