| chicagoIL | 12-05-2016 02:15 PM | Re: selling after ebay member dies Quote:
Originally Posted by rsot
(Post 815899)
Forum isn't meant to give tax advice - that's what financial professionals are for. Forum posts tend not to give financial advice and defer the question. | First, I wasn't answering any questions about EIN or SSN. I wouldn't presume
to have answers about those but PP I have experience with and can look up policy.
Unless something has changed, pp doesn't report account to gov unless
there are more than 200 individual transactions and over $20k in sales, correct?
So if someone were to keep their sales below that threshold, doesn't that
prevent the income from being reported? I wasn't offering that as an opinion.
I thought that was the policy when it comes to pp reporting for taxes.
So one could safely assume that if it's not reported then why would you have
to close the account if you were using it with their permission? If pp doesn't
report it then who would? |