Does PayPal Send 1099 Forms?
Best Answer
Yup! If you receive more than $600 in payments for goods or services, expect a 1099-K from PayPal.
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More Answers
Nope, not if you're just sending money to friends or family. It's only for business transactions.
Yes, PayPal sends 1099-K forms if your transactions exceed certain thresholds: over $600 for payments for goods or services.
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