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Question

1099-K from Square or PayPal or Venmo

Forum|Forum|3 years ago
August 31, 2022
1 reply
0 views

If I get a 1099-K from Square or PayPal or Venmo from selling baked goods, are they paying the taxes to my state on what I have earned? (I live in Vermont.) Thank you!

Employee

You are responsible for any tax on your income.

SaraOAuthor

So, they do not collect the tax and pay it on my behalf?

I'm not a tax person, but I do sell on eBay. They collect and keep the state sales tax on the items you sell. What they do with it is beyond me, though.