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  #1  
Old 01-30-2019
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Default 1099-k form with only $3k sales?

Why would Paypal send a 1099-k form if I sold under 200 items and only $3200 total sales? That seems pretty odd.
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Old 01-30-2019
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Default Re: 1099-k form with only $3k sales?

I have one $37,000 ish and 52 transactions. MA address. What state was your account in?
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Old 01-30-2019
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Default Re: 1099-k form with only $3k sales?

99.9% chance it's because you're using a VT or MA account.
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Default Re: 1099-k form with only $3k sales?

Quote:
Originally Posted by tim348 View Post
Why would Paypal send a 1099-k form if I sold under 200 items and only $3200 total sales? That seems pretty odd.
why is that a problem for you? Stealth or no stealth, I am sure you will report all your sales on your tax return, right ?
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Default Re: 1099-k form with only $3k sales?

Quote:
Originally Posted by yankee View Post
I have one $37,000 ish and 52 transactions. MA address. What state was your account in?
Hold up, its $20k AND 200 transactions? I thought it was either/or. So I can do $40K in 150 transactions and not generate a 1099K if I'm in say....Florida?
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Old 01-31-2019
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Default Re: 1099-k form with only $3k sales?

Quote:
Originally Posted by treysupreme View Post
Hold up, its $20k AND 200 transactions? I thought it was either/or. So I can do $40K in 150 transactions and not generate a 1099K if I'm in say....Florida?
AND. Have to meet both.

VT and MA have it so once you've done $600 (doesnt matter # of sales) you get 1099K.
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Old 01-31-2019
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Default Re: 1099-k form with only $3k sales?

The great states of MA and VT. This is what liberal policies get you. $600 in sales and a 1099K
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Default Re: 1099-k form with only $3k sales?

also recieved one for 2018..

Transactions: 184
Only did $4,800
March:1,100
April:3,700

Account, from California
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Default Re: 1099-k form with only $3k sales?

Quote:
Originally Posted by cblount1993 View Post
also recieved one for 2018..

Transactions: 184
Only did $4,800
March:1,100
April:3,700

Account, from California
Is this something new for CA? Did they ask for ssn on paypal?
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Old 01-31-2019
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Default Re: 1099-k form with only $3k sales?

Quote:
Originally Posted by treysupreme View Post
Hold up, its $20k AND 200 transactions? I thought it was either/or. So I can do $40K in 150 transactions and not generate a 1099K if I'm in say....Florida?
Yes, correct.
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  #11  
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Default Re: 1099-k form with only $3k sales?

Quote:
Originally Posted by cblount1993 View Post
also recieved one for 2018..

Transactions: 184
Only did $4,800
March:1,100
April:3,700

Account, from California
Do you have another pp account making sales linked under same info?
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Old 01-31-2019
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Default Re: 1099-k form with only $3k sales?

I wouldn't be surprised if California started doing the same thing as VT and MA this year.
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Old 01-31-2019
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Default Re: 1099-k form with only $3k sales?

Quote:
Originally Posted by phaz0rz View Post
I wouldn't be surprised if California started doing the same thing as VT and MA this year.
I have stealth accounts in CA. The Tax ID warning/ limitation happened at the usual 200/20k thresholds. Whereas my accounts in MA and VT got the notification after the first couple of sales. So in that regard CA is not following the same steps as VT and MA.
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  #14  
Old 01-31-2019
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Default Re: 1099-k form with only $3k sales?

Quote:
Originally Posted by phaz0rz View Post
I wouldn't be surprised if California started doing the same thing as VT and MA this year.
Not filing your 1099K might cause cancer.
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Old 01-31-2019
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Default Re: 1099-k form with only $3k sales?

Quote:
Originally Posted by nodeal View Post
I have stealth accounts in CA. The Tax ID warning/ limitation happened at the usual 200/20k thresholds. Whereas my accounts in MA and VT got the notification after the first couple of sales. So in that regard CA is not following the same steps as VT and MA.
The only one I have is a business account so I can't really judge..

I wonder what's going on then. I think I've seen at least 2 or 3 guys on the forum with CA (California) accounts saying the same thing.

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  #16  
Old 01-31-2019
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Default Re: 1099-k form with only $3k sales?

Quote:
Originally Posted by Sunspot144 View Post
Not filing your 1099K might cause cancer.
5G is going to give us all cancer way before that "might" may be a concern.

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  #17  
Old 01-31-2019
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Default Re: 1099-k form with only $3k sales?

Quote:
Originally Posted by phaz0rz View Post
5G is going to give us all cancer way before that "might" may be a concern.

You should not file your 1099K while pregnant, nursing or on bath salts.
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Default Re: 1099-k form with only $3k sales?

*****EDIT********

The transaction history was not loading properly on my pp accounts. It looks like after going through my CA accounts I get a Tax ID limitation at the standard approximate of 190-200 transactions.

Last edited by nodeal; 01-31-2019 at 05:07 PM.
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