MindyB
Expert Alumni

Get your taxes done using TurboTax

Yes, you'll need to report this 1099-K on your tax return.  While the 1099-K issuer must provide a 1099-K if the reportable payments are $5,000 or more, they may provide a 1099-K with any amount on it.  Not receiving a 1099-K because the amount received was under the reporting threshold does not excuse individuals from reporting taxable income.

 

Here's some information you may find helpful: What is Form 1099-K?