Just called them ..everyone will need to provide it ..here is some of the questions on PAYPAL WEBSITE for the 6050W
Will All Merchants Receive 1099s?
No. Only merchants who receive over $20,000 in gross payment volume AND receive 200 or more payments in a calendar year will receive Form 1099-K electronically or by mail
What happens if I don’t verify my identity?
If you do not verify your identity, a restriction will be placed on your account until you do so. You will be unable to send, receive or withdraw funds from your account until you verify your identity
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