@AmyC , I don’t think that you saw that this entire thread pertained to the question of payments issued via PayPal, so your answer could be misleading for a lot of people.
I read more after I put up that post and it sounds like a $20,000 tax loophole HAS in fact existed for PayPal payments for about a decade, although it goes away this year, 2022.
I still cannot find authoritative guidance that issuing payments THROUGH PAYPAL gets you off the hook for issuing a 1099-NEC but everyone seems to agree that it does.
So, in the context of this thread, I believe your answer might be wrong, don’t you think? In other words: the right answer is apparently:
You do not issue a 1099-NEC to vendors who you paid through PayPal, for the year ending 12/31/21 because of the Big Loophole.
Even though no one can cite a definitive source for this direction.
