Paypal is now sending out 1099s after you pass $600 sales

[G19Jeeper]

What are the other options?

Zelle. Connected directly through your banking App.

 

[G19Jeeper]

i think this is over 600 PER sale(goods and services transaction) not over 600 in "sales"
cause i remember this wording from ebay over a year ago when this stuff came out with them, also ebay owns pp so makes sense

It's in a calendar year. If you work a job and make over $600, you are required to pay state and federal tax. This has been standard at least for a while. They want to treat this as income so $600 in business transactions now makes you a taxable business.

 

[azjim]

And I thought hiding transactions from my wife was difficult. Now I have to deal with an overly intrusive government.