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seliingsidehust
New User

1099 specific questions unanswered

I posted this question to the Facebook group but the response was a copy / paste and completely ignored my question. I'll post it here:

 

OK, here's the question. We know the IRS threshold for issuing 1099's is $2,500 this tax year 2025. And we know that if we have our money going to PayPal, then Stubhub won't issue a 1099 because PayPal will issue it.

 

Let's say I make $5,000 in sales. I have $3,000 go to PayPal (for which PayPal will issue a 1099), and $2,000 goes directly into my bank account. My question is, will Stubhub issue a 1099 because my full income was over $2,500? Or will SH not issue one because only $2,000 was direct from Stubhub?

 

Second scenario, slightly different. I earn $6,000. I have $3,000 go to PayPal and $3,00 into my checking account. Will Stubhub issue a 1099 for $3,000 or $6,000?

 

Third question. Can I use more than one PayPal account for receiving payments?

 

Thanks.

1 REPLY 1
Melpik
Legend

Re: 1099 specific questions unanswered

@seliingsidehust 

 

This is just a guess.  The sales are tied to a social security number and not to an acccount.

 

Scenario 1 - you would get a $3,000 from Paypal and $2,000 from Stubhub.

Scenario 2 - you get 3,000 1099s from Stubhub and paypal

Scenario 3 - if your overall sales are over $2,500 you would get 1099 for each account

 

Im not a tax expert but just offering best guess.

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