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From 2020 Instructions for Forms 1099-MISC, page 2.
Payments made with a credit card or payment card and certain other types of payments, including third-party network transactions, must be reported on Form 1099-K by the payment settlement entity under section 6050W and are not subject to reporting on Form 1099-MISC.
Persons receiving credit card payments and payments from other providers like PayPal are already having those payments reported.
2020 Instructions for Forms 1099-MISC
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March 17, 2020
9:53 AM
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