Tax Reporting On A Friend's Paypal Account

[demitrick]

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]

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]

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)