PatriciaV
Employee Tax Expert

Get your taxes done using TurboTax

Yes, the IRS rules for Form 1099-K allow a payment processor to set a minimum dollar amount of at least $20,000 when sending the form to payees. (See IRS 1099-K Instructions)

If you believe you have a record of all transactions from the payment processor (in your case, Etsy), then you are not required to have a 1099-K in order to file. As long as you report all your income, you have satisfied the IRS requirements.

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