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Level 2
Aug 31, 2022 10:20 PM UTC
Question

1099-K from Square or PayPal or Venmo

If I get a 1099-K from Square or PayPal or Venmo from selling baked goods, are they paying the taxes to my state on what I have earned? (I live in Vermont.) Thank you!

    3 replies

    Level 15
    Aug 31, 2022 10:32 PM UTC

    You are responsible for any tax on your income. 

    SaraOAuthor
    Level 2
    Aug 31, 2022 10:35 PM UTC

    So, they do not collect the tax and pay it on my behalf?

    Level 2
    Aug 31, 2022 10:47 PM UTC

    I'm not a tax person, but I do sell on eBay.  They collect and keep the state sales tax on the items you sell.  What they do with it is beyond me, though.