☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Aug 31, 2022 3:20:36 PM

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!

0 3 413
3 Replies
Level 15
Aug 31, 2022 3:32:40 PM

You are responsible for any tax on your income. 

Returning Member
Aug 31, 2022 3:35:51 PM

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

Level 2
Aug 31, 2022 3:47:39 PM

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.