@my4mainecoons said in PAYPAL may be issuing 1099-K's for 2023 Tax Year for Rebates sent to paypal in excess of $600 (Ibotta, beer, Shopmium, etc):
Just had to Chat with RMN.
“PayPal and Venmo are our only options to redeem your rewards and we use the phone number on the account to send the rewards to Venmo. RetailMeNot’s cash back rebates business does not fall under the new tax reporting requirement related to payments made through third-party payment networks.”
Yes, but not sure who issues the tax document, if Paypal issues it, then it’s still something you have to address on your return. If you read the reddit thread I posted about Ibotta, it seems to indicate it comes from Paypal and RMN is in the same boat as IB as a cash back rebate set up.