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Old 01-01-2013
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Default 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?
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Old 01-03-2013
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I want to say Paypal sends the 1099k in early Feb
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Old 01-03-2013
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Quote:
Originally Posted by bowlfan912 View Post
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.
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Old 01-04-2013
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thanks for the info, and just to clarify, gift payments do not count toward the 20k threshold?
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Old 01-04-2013
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Default heads up

just a heads up, paypal released today the 2012 financial summaries which show the amount of payment received,fees,etc
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Old 01-04-2013
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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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Old 01-04-2013
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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.
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Old 01-09-2013
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Actually, gift payments do NOT count toward your limit. You can view what is and isn't on their FAQ page for IRS rules.

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Originally Posted by Gamefreak View Post
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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