2023 1099-nec

Search the discussions for 1099 and read the discussion that has been ongoing for two weeks.

Yes, Penny if sales are over $600 a year we will receive the 1099 from FAA/Pixels as always.

Last year it was a little late: February 2nd

Here is the new info from PayPal:

https://www.paypal.com/us/cshelp/article/help1131

Here is the thread I posted 2 weeks ago:

https://fineartamerica.com/showmessages.php?messageid=9090595

Jan. 31
The deadline to mail 1099s to taxpayers is usually Jan. 31. If a 1099 form is not received, you are still responsible for paying the taxes owed on any income earned during the tax year. If you receive an incorrect 1099 form and the payer already sent it to the IRS, ask the originator to send a corrected form.

I hope FAA complies with the law. lol

Again, I remind everyone for the benefit of the new people.

If you get a 1099 from both PayPal and FAA, you only need to report the PayPal 1099 because all of the FAA income is on there.

If you report both, you pay taxes twice on the income from FAA.

Members only have to fill out the 'Other Earnings' area on their tax returns.

If you receive over $600 in the tax year we will send a 1099 form from track1099.com for those earnings but you do not need it to be able to complete the return. If you have not received it and are due, please check spam and junk folders for track1099 and Pixels

You can download an excel of your earnings in your BALANCE area.

Or go to Paypal
Received
Search by support- at - fineartamerica.com and the dates required

delete