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Live in Massachusetts received a 1099-k from PayPal for the amount of 627.00 Massachusetts changed 1099-k reporting to anything over 600.00 where do i enter it
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Live in Massachusetts received a 1099-k from PayPal for the amount of 627.00 Massachusetts changed 1099-k reporting to anything over 600.00 where do i enter it
If you received money from paypal, but not as a business or with the
intention of making money, you would not have to report the income on
your tax return- unless you sold the items for more than you purchased
them for. Even though you do not have to report the income, keep a copy
of the 1099-K with a list of the items you sold and how much, with your
tax records. If you did sell items as a side job, you would include the income on Schedule C (as business income)
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Live in Massachusetts received a 1099-k from PayPal for the amount of 627.00 Massachusetts changed 1099-k reporting to anything over 600.00 where do i enter it
If you received money from paypal, but not as a business or with the
intention of making money, you would not have to report the income on
your tax return- unless you sold the items for more than you purchased
them for. Even though you do not have to report the income, keep a copy
of the 1099-K with a list of the items you sold and how much, with your
tax records. If you did sell items as a side job, you would include the income on Schedule C (as business income)
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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Live in Massachusetts received a 1099-k from PayPal for the amount of 627.00 Massachusetts changed 1099-k reporting to anything over 600.00 where do i enter it
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Live in Massachusetts received a 1099-k from PayPal for the amount of 627.00 Massachusetts changed 1099-k reporting to anything over 600.00 where do i enter it
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Live in Massachusetts received a 1099-k from PayPal for the amount of 627.00 Massachusetts changed 1099-k reporting to anything over 600.00 where do i enter it
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Live in Massachusetts received a 1099-k from PayPal for the amount of 627.00 Massachusetts changed 1099-k reporting to anything over 600.00 where do i enter it
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Live in Massachusetts received a 1099-k from PayPal for the amount of 627.00 Massachusetts changed 1099-k reporting to anything over 600.00 where do i enter it
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Live in Massachusetts received a 1099-k from PayPal for the amount of 627.00 Massachusetts changed 1099-k reporting to anything over 600.00 where do i enter it
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Live in Massachusetts received a 1099-k from PayPal for the amount of 627.00 Massachusetts changed 1099-k reporting to anything over 600.00 where do i enter it
TurboTaxMaryK1 24 days ago"
I cannot find this in the Massachusetts Section using TurboTax Deluxe. Can someone point me in the right direction?
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Live in Massachusetts received a 1099-k from PayPal for the amount of 627.00 Massachusetts changed 1099-k reporting to anything over 600.00 where do i enter it
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Live in Massachusetts received a 1099-k from PayPal for the amount of 627.00 Massachusetts changed 1099-k reporting to anything over 600.00 where do i enter it
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Live in Massachusetts received a 1099-k from PayPal for the amount of 627.00 Massachusetts changed 1099-k reporting to anything over 600.00 where do i enter it
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Live in Massachusetts received a 1099-k from PayPal for the amount of 627.00 Massachusetts changed 1099-k reporting to anything over 600.00 where do i enter it
I also received a 1099-K from Paypal as I live in Mass and made $1,500 on personal items sold at a loss through ebay. I found the answer to my question here:
This tells us all we need to know about about what we need to do.
It sounds like you will need to do nothing if you were selling personal items at a loss.
Good luck!
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