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? |