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Old 07-25-2011, 04:23 AM
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Join Date: Jul 2011
Posts: 3
Question About New PayPal Rules & Taxes

Hello,

I have a question about the new PayPal rules and taxes. (I am referring to the new $20,000 and 200 transactions rules that mean we have to pay taxes.)

If I share the account with a family member, how will we pay taxes on it? The family member earns half the money in it, and I earn the other half. How are we going to separate everything if PayPal has already confirmed they will only send one 1099-K?



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