Paypal Changes for 2022


If I understand this correctly, Paypal, along with all on-line payment sources like Venmo, etc. will now be sending out 1099 forms for all payments totaling $600 you receive in 2022 for goods or services.  The only way around this is to use Paypal friends and family for payment which eliminates any buyer protections.  Is everyone aware of this?

 

dave43

Showing 3 responses by jl1ny

It is what it is, hopefully the vast majority of people will stop using PayPal / eBay / Zelle. I’ll do all my buying at the used hifi shops and F2F deals if I have to. I’m not getting screwed by these a-holes…this is absurd.

@secretguy @jond 

Ok Mr. Do Right, give me a friggin’ break…paying taxes is one thing, this nonsense is a blatant overreach by the govt. I get destroyed in taxes, I’d like to know what snow globe you two are living in.