Paypal and irs question--help pls!!

[xdrx]

Originally Posted by bobbyw8469

PayPal does a good job of hiding the info, as does Ebay. My main beef is that if they want us to be compliant, at least show is our YEAR TO DATE transactions, so we can shut things down if we want to!!!!!

I emailed PayPal asking where I could find this info or if they could provide it. What I received back were instructions on how to download all of my transactions in to a spreadsheet so I can total it up myself. Ridiculous lack of service.

Maybe I'll just buy an old ledger and keep a running tally...

[Shoeless Moe]

offer the buyer/winner a slight discount if they pay via Paypal gift. It'll save u ebay & paypal fees. Or to buy it here on the B/S/T, that way their is public record of it to make the buyer feel more trusting.

[calvindog]

Bill, can I make a suggestion? Call an accountant and don't discuss this on a public board. Rumor has it that law enforcement tend to peruse these boards. And as for what Greg said, I agree. I've been audited numerous times, once for sales of baseball cards. It was a tremendous pain in the ass.