Has anyone gotten a 1099 on paypal? Say all of your profit comes from selling items through goods and services for refunding, what would happen if you exceeded 20k and had to submit a 1099? Would you have to report all of your sales and pretty much perform an audit? Or just claim 20k and pay the taxes? Im curious cuz at this track I am on my way to clearing 20k next month, just wondering if I should switch up my paypal accounts when getting close. What do?
