Thanks for that information. Definitely helpful.
Regarding the limits for a 1099K form, the state of Virginia (and other states) have imposed lower reporting thresholds, so a 1099K must be sent to me if I have more than $600 in payments. In previous years a 1099K would not be sent unless the federal threshold of $20k was met.
https://www.tax.virginia.gov/sites/default/files/inline-files/tb-20-10-virginia-1099-k-filing-requir...
