Who receives a 1099-K?
For 2025 and beyond, in most states, only accounts meeting the following criteria qualify for a Form 1099-K and must be reported to the IRS by your provider:
- More than $20,000 in gross sales from goods or services in the calendar year and
- More than 200 transactions in the calendar year
If you did not meet the criteria your payment processor won't issue a 1099-K. In that case, you can mark the document request for year end bookkeeping as "Not Relevant" and add note.
Downloading 1099-K from PayPal
Form 1099-K from your PayPal account becomes available around January 31st. To download a copy, please follow the steps below.
- Log in to your PayPal account.
- Click Settings next to “Log out.”
- Click Statements and Taxes near the top of the page.
- Under the “Tax Documents” section, select the year you need from the drop-down.
- Click Download all to download and view both your Form 1099-K and your Goods and Services transactions statement.
- To view only your 1099-K, select 1099-K.
If you are unable to find the correct report, please contact PayPal support.