How paypal records received money 4 1099
Ok so my "payments received" on my business account that total for the year includes canceled, refunded transactions.
Does paypal include all unsuccessful transactions when counting towards the 20K 1099 IRS limit? I have about $500-750 this year of canceled, or refunded transactions. I suppose if I ship it out it should count but if a buyer pays then immediately wants to cancel why should that count towards that 20K limit?
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