How are "Bank Deposit to PP Account" transactions handled for IRS 1099 reporting?
geno51
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Posted on
Dec-28-2019
02:09 PM
I have several "Bank Deposit to PP Account" in my download. I know these were done automatically from my linked bank account when my PayPal balance was not enough to cover the transaction. I'm wondering if these are considered income and are reported on the 1099k?
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1 REPLY 1
sharpiemarker
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Dec-28-2019
03:54 PM
Only payments received from sales or selling something are counted towards the 1099K. Adding funds to PayPal account to pay for purchase is buying something, not selling something. 1099K is a report to IRS on gross sales receipts.
Kudos & Solved are greatly appreciated. 🙂

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