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Get your taxes done using TurboTax
You may or may not receive an IRS 1099-K form in 2023.
The IRS planned to implement changes to the 1099-K reporting requirement for the 2023 tax year.
However, the IRS recently delayed the implementation of the new $600 reporting threshold for transactions from third party processors like Venmo and Paypal, reverting tax year 2023 back to the previously higher 1099-K reporting threshold (over $20,000 in payments and more than 200 transactions).
Whether you receive IRS form 1099-K or not, you are still obliged to report any income received from your side hustle.
See also this TurboTax Help.
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‎February 4, 2024
6:28 AM