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1099-K Guidance Needed
I received a 1099-K from ebay. My total gross payments were under $3000 for 5 transactions.
The IRS delayed the shift to the lower limits of $600 for 2022 so the limits of $20,000 and 200 transactions still apply. Does this mean I do not have to reflect the 1099-K when preparing my 2022 taxes since I am below the 2022 minimum limits? It would seem to or does the fact that ebay sent me a 1099-K mean I need to include it in my 2022 income calculation so things match up?
‎February 12, 2023
8:18 AM