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Old 12-06-2018
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Default 1099 and selling limits Question

If I am at 149 items sold this year ($9,000) and PayPal has not asked for EIN yet, is it safe to keep selling and when they ask for EIN just keep selling and wait it out until January 2019 where it will reset? Or will PayPal limit the account if I don't provide it before then. I would only sell about 15-20 more items by the end of the year for a total of $1,500 more so I wouldn't reach the $20,000 mark. I do pay taxes on all income, I just didn't want to lose the account if it was at risk of being limited.
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Old 12-06-2018
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Default Re: 1099 and selling limits Question

Quote:
is it safe to keep selling and when they ask for EIN just keep selling and wait it out until January 2019 where it will reset?
Yes, that's safe. Even if you do hit 200 sales and have the account tax-limited, that would reset 1/1/19.
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Old 12-06-2018
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Default Re: 1099 and selling limits Question

Thank you for the reply. Quick Question, as I was reading around the message board there was concern that PayPal has changed this requirement and may limit your account AFTER the first of January if you DON'T supply the EIN as requested. Is there any truth to this?
Thanks again, I would hate to loose many accounts over any new policy changes with PayPal.
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