Will PayPal send me a 1099-K?

PayPal is a popular online payment processor that many small businesses and individuals use to process payments. In general, PayPal does not send out 1099-K forms to its customers.

This is because PayPal does not consider itself a business. However, if you receive payments in excess of $600 from PayPal in a calendar year, PayPal will issue you a Form 1099-K.

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