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Get your taxes done using TurboTax
Thank you for your response. I realize this is a pretty new topic when it comes to tax laws. The only reason I was wondering about the 1099-K was because I thought I read it in their FAQ at some point - it looks like they issue a 1099-K because they accept payments:
https://www.journalofaccountancy.com/issues/2018/mar/dona[product key removed]funding.html
"Under Sec. 6050W, payers are required to send a Form 1099-K, Payment Card and Third Party Network Transactions, to a payee who receives more than $20,000 and has more than 200 transactions during a calendar year. A copy of this form will also be sent to the IRS."
I realize that this is a 2018 article, and there are more recent articles that I will go through before April...
‎January 30, 2021
10:03 AM