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  #1  
Old 10-16-2015
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Default how much taxes do you pay for paypal (1099)

I starting selling on ebay a year ago and I was able to hit around 25k.

How much should I expect to pay in taxes?

My earnings are much less, around half I would say. I'm 22 and I've never paid taxes before so I'm curious how much I will have to pay when I fill out that tax forum.



sad thing is this account ended up getting limited


side question, I also drive lyft, wil I need to fill out a separate 1099 for it as well?
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  #2  
Old 10-16-2015
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Default Re: how much taxes do you pay for paypal (1099)

Consult a Tax Professional.
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Old 10-16-2015
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Default Re: how much taxes do you pay for paypal (1099)

You are asking us about "your" taxes and we know nothing about you, hahaha.

My crystal ball is on vacation or I think the batteries ran out, but my 8 ball told me to seek the advice from a tax person.

Tax person includes, accountant, that dude in jail that does the taxes for all of the inmates if they make more than 50 cents an hour. Or my Italian cousin Joe who does the taxes for the mob.

***CORRECT ANSWER---The best person would be the accountant or the person who is certified to do taxes and took some tax prepping classes.
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Old 10-16-2015
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Default Re: how much taxes do you pay for paypal (1099)

pay 0.00 by avoiding the limit man.
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Old 10-16-2015
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Default Re: how much taxes do you pay for paypal (1099)

Get the advice from legal consultant regarding tax issue
on profit
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