JamesG1
Expert Alumni

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New Jersey has a lower threshold for 1099-K reporting.

 

Even though the IRS delayed implementing the lower threshold for Federal 1099-K reporting, some states still have lower reporting thresholds for 1099-K's.  So, if someone lives in or does business in one of these states, they may be getting and dealing with 1099-K entries.

 

AR     $2,500

DC     $600

IL       $600

MD   $600

MS    $600

NJ     $1,000

RI      $100

VT     $600

VA    $600

 

@JohnnyC1 

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