Should I give paypal my SSN??
Paypal is now asking for my SSN or my account may become "Limited". I've done some reading here and elsewhere.
I have 161 payment2 received transactions though 10-20 are friends and family. I read that those done count. I'm well under $20,000. I'd guess $10-12K.
I'm not running a business. Probably 98% of my sales are basically a personal garage sale. The other 2% are where I flipped something for a profit I found at a thrift store.
I just don't want the nightmare of 1099k so that I have to go back and recreate documentation for a years worth of ebay to show that the vast majority were personal items sold at a loss from the original price.
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Also, if I know I'm not going to hit $20K or even come close, should I just give them my SSN and not worry about it assuming they are not going to send a 1099K?
When I was reading about this, there seemed to be some confusion on whether it's "200 transactions AND $20K" or "200 transactions OR $20K".
TIA
Last edited by AJS914; 08-26-2016 at 10:58 PM.
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