04-14-2021 05:54 AM
So ebay is forcing us into managed payments. my question is I will already recieve a 1099 from paypal for the first part of 2021 when i switch to managed payments does ebay count all my transactions before i switched or does that start at $0 . i guess my concern is at end of year will my 1099 from ebay include what i already got from paypal before i switched.
04-14-2021 06:06 AM
@panhandlesportscards2 wrote:So ebay is forcing us into managed payments. my question is I will already recieve a 1099 from paypal for the first part of 2021 when i switch to managed payments does ebay count all my transactions before i switched or does that start at $0 . i guess my concern is at end of year will my 1099 from ebay include what i already got from paypal before i switched.
1099K forms are filed by payment processors, not by e-commerce venues.
PayPal and Managed Payments are separate payment processors.
PayPal will file a 1099K for your PayPal transactions if your PayPal transactions meet the threshold.
Managed Payments will file a 1099K for your Managed Payments transactions if your Managed Payments transactions meet the threshold.
04-14-2021 06:17 AM
You will start at 0 for MP..........