I was a bit down on my luck some time ago, and I needed a bit of financial help. Unwittingly, the paypal account I sent to a friend that was willing to help me was my business paypal account, and they sent 1000 dollars to it.
Paypal told me it wanted to send me a 1099, but I needed the money a bit urgently, so I just ended up refunding the money in whole and making a personal account, since it was actually gifted money and not at all a business transaction.
Do I still need to report it even though I refunded it and it wasn't "additional income"? What should I do?
