1099k

burkheimerk · ‎March 17, 2020

Does the 1099-k form apply to app development with google and apple?

KarenM90 · ‎March 17, 2020

It depends. A 1099-K can apply to any type of entity that accepts credit cards and similar payments.

IRS requires payment-settlement entities to use to report certain payments received through reportable payment card transactions and/or settlement of third-party payment network transactions.

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BillyPatMac · ‎March 23, 2020

I have received a 1099-K for $32 for one sale in December and nothing since nor anticipated in the future. Is this a reportable transaction?

JohnW222 · ‎March 23, 2020

Yes, it is.

Please see the TurboTax Help article “How do I enter a 1099-K in TurboTax Online?” for guidance.

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