Question :
I have to state the balance/amount (NL “saldo”) in my PayPal account for my yearly income tax, but if I look in my PayPal overview, I can only see the incoming and outgoing actions, not the balance (NL “saldo”) on January 1st and December 31st… I was hoping to find the answer to this on the PayPal website, in the FAQ, or somewhere online, but no-one seems to know the answer…

How do I do that ? Or is it impossible ?

 

Answer :

No, it can be done. It’s just a little complicated :

• goto PayPal in your webbrowser : https://www.paypal.com
• then login to your account using the “Login” button ; you will need the PayPal.app on your phone for 2-step-verification
• on the page that opens, click on “Activity” in the top menu bar
• on new the page that opens, next to the search bar, click the “download”-button [ the icon of a U-shape with an upward pointing arrow ]
• on the new page that opens, click the triangle-shaped arrow-icon at the right side ( next to the “Custom” / “Adjusted” field )
• on the new page that opens, click on “Tax Documents” in the bottom of the left menu bar
• in the new page that opens, select the “Tax Year”
• if there are any tax reports available, you will be able to download them here
• but… if you get a message saying your account is not eligible for tax reports, and you still want to get the historic “balance” (NL “saldo”) in your account on specific dates, click on “Financial Reports” in the left menu bar
• in the pull-down options that appear, click on “Financial Report”
• then, in the new page that opens, at “Period” (NL “Datumbereik”), click on the Calendar-icon and select the year of your choosing from the pull-down list
• then, click on the “Generate Report” button
• when the report is displayed, click on “Download Report”
• make sure you repeat these last steps for each currency you have had on your PayPal account, as you will have separate sub-accounts and therefore separate reports for each currency
• after downloading, check the Report thoroughly and make sure that it contains the right “Period” (NL “Datumbereik”) and “Currency” [ WARNING : do NOT assume that you will always get the report that you asked for !! ]

That’s it !

enjoy 😉