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- - 2012 paypal tax docs up already? (https://www.aspkin.com/forums/paypal-talk/54847-2012-paypal-tax-docs-up-already.html)

bowlfan912

01-01-2013 04:31 PM

2012 paypal tax docs up already?

I went into tax documents and there are no 2012 documents, does that mean I didnt reach the 20k/200 limit? How would I report the actual amount grossed?

vogeltron

01-03-2013 03:27 AM

I want to say Paypal sends the 1099k in early Feb

Artann

01-03-2013 09:16 AM

Quote:

Originally Posted by bowlfan912 (Post 406351)

I went into tax documents and there are no 2012 documents, does that mean I didnt reach the 20k/200 limit? How would I report the actual amount grossed?

No it doesn't mean that. It just means that PP hasn't gone around it yet. They will email you once they got the numbers.

bowlfan912

01-04-2013 12:22 AM

thanks for the info, and just to clarify, gift payments do not count toward the 20k threshold?

bowlfan912

01-04-2013 01:16 AM

heads up

just a heads up, paypal released today the 2012 financial summaries which show the amount of payment received,fees,etc

Gamefreak

01-04-2013 02:42 AM

Everything should count towards your gross paypal accepted payments as its income after all. If that was the case everyone would have ppl send them gifts

GreenBean

01-04-2013 02:58 AM

Internal Revenue Service

http://www.aspkin.com/forums/paypal-...tml#post406924

post 14 contains a link to another thread. Please read them.

You should be taking professional tax advice to make sure YOU are compliant with IRS rulings.
:peace:

veggiegymrat

01-09-2013 01:51 AM

Actually, gift payments do NOT count toward your limit. You can view what is and isn't on their FAQ page for IRS rules.

Quote:

Originally Posted by Gamefreak (Post 407134)

Everything should count towards your gross paypal accepted payments as its income after all. If that was the case everyone would have ppl send them gifts

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