bhki
New Member

How to I file a 1099-K from PayPal for an event i coordinated?

I was the tournament director of a youth sporting event where we raise funds through various channels and award scholarship money to competitors.  We charge an entry fee and collect it through PayPal.  This year it was large enough I got a 1099-K form for $14,215.  As the amount is over the minimum required I want to file the taxes under the EIN used for the event.  I have no idea where to start or what forms are needed for this money.  There isn't enough itemized deductions to worry about.  I have already filed my personal taxes under my SSN so these funds have to be filed separate under the EIN defined.  Where do I start?