eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home

eBay Suspended & PayPal Limited Forums

eBay Suspended & PayPal Limited Forums (https://www.aspkin.com/forums/)
-   PayPal Talk (https://www.aspkin.com/forums/paypal-talk/)
-   -   Tax Reporting On A Friend's Paypal Account (https://www.aspkin.com/forums/paypal-talk/112902-tax-reporting-friends-paypal-account.html)

demitrick 12-12-2017 09:39 PM

Tax Reporting On A Friend's Paypal Account
 
Hello,

A real-life friend of mine who is very close "sold me" his paypal/ebay account with many years of history so I can essentially sell anything without issues.

On his paypal account he has his SSN attached. For this year, I stopped selling at $19,000 so the income would not get reported under his name.

For 2018, if I wish to sell as much as I want would I be able to essentially report the 1099K under my name after is generated (the 1099K is obviously under his name/address/social) or what other options do I have to use the accounts full potential and report the taxes under my name?

Idea1 12-13-2017 08:40 PM

Re: Tax Reporting On A Friend's Paypal Account
 
Or can one add there EIN to someone else's PayPal account while keeping all info the same to route the 1099 their way?

rsot 12-13-2017 10:14 PM

Re: Tax Reporting On A Friend's Paypal Account
 
OP, you are working with someone else's info with possible tax implications. You should make new stealth accounts and transition sales.

For legal and financial advice, best to get a professional - this kind of advice is somewhat beyond the forum's scope (although other people may comment and you can make your decision)


All times are GMT -5. The time now is 10:53 AM.

vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger


Aspkin Group

All times are GMT -5. The time now is 10:53 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58