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I use my paypal account to accept beans for sports contests and it's connected to my Hard Rock bet account. Now I have a tax form in front of me. Money goes in, money goes out. This is not income. Still trying to track down wtf I'm supposed to do with this.
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Make sure every transaction is sent as Family and Friends, NOT Goods and Services. Goods and Service transactions will create a 1099-K at the end of the year.
I would not link Paypal to your Hard Rock account
I got a 1099-K for ebay sales (mostly cell phones and Rolex watches) which were all for losses which I think clears it of any tax implications.
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