Gold Supporting Member
- Aug 5, 2005
- Reaction score
- Savannah, GA
Even without the 1099, the income you receive from sales of your stuff has always been taxable.I just got a 1099 from Paypal. Seems the state of Virginia considers payments from PayPal that exceed $600 a year as taxable income and have notified the IRS with a 1099.
So now anytime I sell anything and get paid with PayPal, it's considered taxable income. How much does that suck?? l