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01-04-2023, 05:22 PM | #35 |
Senior Member
Join Date: Dec 1999
Location: Southern California
Posts: 2,723
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Re: PAYPAL IRS Requires Taxpayer ID for Sales over $600
Think that many believe only a single transaction triggers this. It is actually cumulative, if a total of more than $600 is received in the year it will be reported. Also, my understanding is while reporting has been postponed. It is just that, postponed. 2022 reports will be included with 2023.
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