I saw a notice last night that HubPages will not be sending out 1099-Misc forms. The new rule is that PayPal will be sending out a 1099-K to Hubbers instead.
But I read somewhere online that the 1099-K is only sent out to people who make at least $20,000 or more than 200 transactions through PayPal . But is 20,000 minimum for people who just sell merchandise on sites like EBay and Etsy?
What about when it comes to writers? What will PayPal's minimum be for sending a 1099-K to Hubbers?
I'm not sure if anyone really knows the answer to this yet?
This was actually a rule from last year - eBay sent out 1099s and then sent out a letter stating that they shouldn't have.
I did not get a 1099-K from paypal last year - and the limit was I belive 20,000 - however I did report my income from eBay even though I didn't have a 1099. If Hubpages aren't sending out 1099s then I'll simply look at my earnings report on here and record that on my taxes.
BTW where did you see this notice?
It showed up for about 10 minutes on the stats page last night and then HP took it down.
And my seeing it caused me to post this thread... http://hubpages.com/forum/topic/108778
I was wondering how things work this year. I did read that hubpages won't send the 1099 as usual this year and that Paypal will, but then Paypal claims it sends 1099's only to those who have made more than 20,000. So to report my earnings do I simply enter a query to show my earnings from Jan 1 2012 to Dec 31, 2012 and then report that? Is that correct? Or is the Jan payment actually from the month prior, so it would be more correct to report Feb 1 2012 to Jan 2013?
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