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SaraO
Returning Member

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
Bsch4477
Level 15

1099-K from Square or PayPal or Venmo

You are responsible for any tax on your income. 

SaraO
Returning Member

1099-K from Square or PayPal or Venmo

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

Bluepeace123
Level 2

1099-K from Square or PayPal or Venmo

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.

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