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10 February 2018, 01:02 AM | #1 |
2024 SubLV41 Pledge Member
Join Date: Nov 2007
Location: USA
Watch: 126600, 116500LN
Posts: 12,849
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Massachusetts and Vermont Residents 1099 Fears Realized
And from what I've read other states are to follow!!
If you sell more than $600 online, and receive that income through PayPal you are getting a 1099 for that money and have to account for that income on your tax return. It's new this year for MA and VT and other states are going to institute this next year so keep this in mind!! I had no idea and now I have to account for $7000 for two watch sales I had, god I love tax season!!
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