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Get your taxes done using TurboTax
If you were paid by a person or business via PayPal’s Friends and Family option, you will need to get a 1099-MISC from them. When this method is used to transfer funds, PayPal assumes it’s a non-business transaction and doesn’t include it in their 1099-K. If this is the case, you will need to contact the payor.
If you were paid as a contractor via PayPal business, you will not have a 1099-Misc issued to you. PayPal is considered a third-party merchant and they are required to issue their own 1099 forms, called a 1099-K.
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February 27, 2020
10:17 AM