This is already the case with 1099-K and even though the link at https://www.paypal.com/us/smarthelp/article/how-does-paypal-report-my-sales-to-the-irs-will-i-r

This is already the case with 1099-K and even though the link at https://www.paypal.com/us/smarthelp/article/how-does-paypal-report-my-sales-to-the-irs-will-i-receive-a-1099-tax-statement-faq729 https://www.paypal.com/us/smarthelp/article/how-does-paypal-... refers to sales, the catch all mechanism is entirely driven by number of transactions and amounts which are easily attainable with an active social circle.