Well, I've printed my 1099-K from my PayPal account.
Unlike the Maritz 1099, it only shows the total amount paid through PayPal.
For me, as I have limited my MSCs to just Maritz/PayPal and no others it should be a simple process.
If anyone else has done this (limited to this particular MSC(s), the simple solution for this year is to go to the old platform (I Shop For IPSOS - formerly the Maritz platform) and print out its detailed report. On it, there should be the Shop Fee, Product Reimbursement and "Other" Reimbursement (incentives, etc that should be included as part of the additional Shop Fee.
If IPSOS does not send a detailed 1099 as Maritz did, life shall become a little more difficult in future years, as tracking all of this shall be up to the shopper.
I'm already creating a spreadsheet for myself for this year for next year.
PS: I might also add that we should be cautious in accepting payments from other parties such as selling something and agreeing to accept the purchase amount via PayPal. Just one more thing to explain to the IRS.
Edited 1 time(s). Last edit at 02/04/2021 10:42PM by French Farmer.