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Get your taxes done using TurboTax
Hello @erinmcgrane,
The reporting requirements have recently changed. Payment apps and online marketplaces are required to file a Form 1099-K if the gross payments to you for goods and services are over $600. If you received the 1099-K from your business transactions you would include the 1099-K as income. If the 1099-K was generated gifts or reimbursements from family or friends you should contact the Issuer of the 1099-K to correct it.
Did You Get a Form 1099-K and Aren’t Self-Employed or a Small Business?
What Online Business Owners Should Know about IRS Form 1099-K
IRS: Understanding Your Form 1099-K
June 28, 2023
9:43 AM