Refil

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I filed my taxes last night and I included a 1099-K form that was under 5k so I don’t think I was supposed to include that for my taxes. How do I refile?

Not A Product Question

VolvoGirlAnswer

Level 15

I kept seeing that “Forms must be sent to taxpayers who recorded more than $5,000 in business transactions in calendar year 2024.” I didn’t make that much in all of 2024 selling stuff.

@Ryan8771 wrote:
I kept seeing that “Forms must be sent to taxpayers who recorded more than $5,000 in business transactions in calendar year 2024.” I didn’t make that much in all of 2024 selling stuff.

That means they don't HAVE to send you a 1099-K for under 5,000 but they can if they want to. BUT you have to report all your income whether you get a 1099K form or not no matter how small the amount.

xmasbaby0

Level 15

ALL of your income was supposed to be included on your tax return---even small amounts. Nothing to change about that.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Ryan8771Author

Level 2

Oh so I should just leave it the way it is even if it’s under the 5k threshold??

xmasbaby0

Level 15

Yes---leave it alone. You do not get to pick and choose which income to include. ALL of your income must be entered. If you had a W-2 for $2.00 you would still have to include it.