Quote:
Originally Posted by earlywynnfan
Are you sure about this? Doesn't ebay count transactions and payments even though they go through paypal? If I rack up 19K via paypal, then 19K the new way, I'd imagine I'd get a 1099 from ebay for 38K. Another headache for my accountant!
|
Ebay and paypal do not coordinate or aggregate tax information. They are independent. PayPal is a fo financial institution. Ebay is not....well...until they have managed payments up and running. Bottom line: the temporary advantage stated here is correct.