Over 200/20000 with Family Account - Tax Issue
Hi guys,
I am in a bit of a pickle right now. Here's my situation.
I was suspended from eBay some over 10 years ago over feedback issue when my dropshipper fulfilled ordered too slowly. Since then I had used my brother's eBay account to buy stuff on eBay. I started selling some stuff about 2 years ago and in the recent year, things sort of taken off. I believe I will be over the 20,000 mark this year.
My question is can I registered as a business under my name and tie it to my brother's paypal account so that the 1099K (the Canadian version whatever it's called) will be recorded wtih the business and not my brother?
Last year, I didn't make too much. I reported as self-employment income for myself. I just want to make sure that I don't have anything mixed up with his tax stuff.
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