I have these questions as well. On top of that...and I know this was touched on in the other thread.....do you only need to report it if you received $20K AND 200 payments? In other words, if I make less than $20K for the year on paypal, do I need to even worry about reporting it? Thanks for any help with garpike's questions, as well as mine.
"To err is human, to forgive canine." ---Anonymous.