Does bonanza provide me with a 1099k form?

how can i

asked almost 8 years ago

Ang2556
Reputation: 10
4 Answers

You would get those from the payment source like paypal

answered almost 8 years ago

A2z4u2c
Reputation: 1291
See A2z4u2c's booth

You receive a 1099 from Paypal if both of the following conditions are [URL removed]
1. you received at least $20,000 in your Paypal account, and
2. there are at least 200 transactions (funds received) in that account.

And the 1099 is gross of any fees, so you’ll have to deduct Paypal and Bonanza fees.

Finally, Paypal doesn’t care which selling venue generated the revenue, if you use multiple selling platforms with one Paypal account. It’s up to you to sort that out.

answered almost 8 years ago

2 Comments

EmbellishMart says: August 06, 2016

Thanks, AbbysAttic!

AbbysAttic says: August 07, 2016

You’re very welcome.

if you sell over $20,000

answered almost 8 years ago

Nope. You get rubber gloves, a hair net and a badge.

answered almost 8 years ago

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