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Old 12-12-2017
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Default 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?
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Old 12-13-2017
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Default 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?
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Old 12-13-2017
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Default 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)
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