Question
How do I file my contractor's income with new PayPal law?
Hello,
I paid a contractor through PayPal AND Zelle. I know they will receive a 1099 from PayPal for PART of their income but how do I report this on my taxes. For example (fictional numbers below):
I paid Susie:
$20,000 via PayPal for which she will receive a 1099 from PayPal (not me)
$25,000 via Zelle for which I guess I need to send her a 1099 for? (please let me know if I am correct).
If this is in fact the case, how do I report this on my deductions especially what PayPal is sending her? I do not want $45K reported twice for her.
