Re: Is it (200 or 20k) or (200 and 20k)
It's 200 Transactions AND $20,000 per YEAR.
This is not a limit, but rather the point at which PayPal will generate and send you the 1099-K
Even so, you are always responsible for paying tax (if any) on your earnings REGARDLESS of this limit. Consult a tax professional (CPA) if you have any questions about it.
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