No 1099 Tax Form from Draft2Digital for Paypal/Payoneer Users

Any payments that you received from Draft2Digital via PayPal or Payoneer will not be reported on forms 1099 unless you were subject to backup withholding.

This is because PayPal and Payoneer will be required to report those payments to you, assuming certain thresholds are met. If we were to report these, you might have your income double reported to the IRS. We are aware that many people use these forms to properly report their income to the IRS.

To make this easier for you, we have added a report that you can download from the Draft2Digital website right next to your tax forms (Reports--> Tax-Form Downloads). This report will include all payments you received throughout the fiscal year.

Additional link to help you get the information you need from Paypal: https://www.paypal.com/us/cshelp/article/how-does-paypal-report-my-sales-to-the-irs-what-are-the-form-1099-k-reporting-requirements-help543?locale.x=en_US

We are aware that many people use these forms to properly report their income to the IRS.