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Get your taxes done using TurboTax
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
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‎February 22, 2023
5:22 AM