For the 2025 Tax Year, 1099-K reporting is only required when the aggregate amount of payments is $20,000 or more and the number of transactions is 200 or more*, and PayPal is responsible for issuing the 1099-K forms. Additionally, PayPal will issue and file Form 1099-K for any customer who was subject to backup withholding during 2025, regardless of total payments for the year. Learn more.

*If you live in certain US states, you’re subject to a lower reporting threshold. Learn more.