The reporting of the number of transactions change is for the company issuing the form 1099-K. That change lessens the burden of issuing so many Form 1099-Ks for E-bay etc..
So you may not have to file the form 1099-K but you still must report the income listed on the form 1099-K if it nets $400.00 income.
You have to file an income tax return if your net earnings from self-employment were $400 or more. If your net earnings from self-employment were less than $400, you still have to file an income tax return if you meet any other filing requirement listed in the Form 1040 and 1040-SR instructions PDF.
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