bgriffin Wrote:
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> I know a little about this since I get all of my
> income from my other business through PayPal. The
> requirement is that you have to have 200
> transactions *AND* $20,000 in payments to trigger
> the 1099.
>
> I'm not quite sure why you would need to keep up
> with the number of transactions though? Unless
> you're trying to hide income and want to stay
> under 200 transactions? Either way, unless it has
> changed, both numbers have to be met in order to
> trigger the 1099.
Exactly...............it is both.