bhavanishankar
Returning Member

Get your taxes done using TurboTax

Yes, This is exactly I am facing now. I am from Illinois and I crossed the $1000 limit. I think we have to file 1099-K since PayPal will send it to IRS.  As of now, I have added the same amount to Refunds for returned goods, discounts, or rebates. It cancelled out each other. But it is not an income. Not sure how to handle this,