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Threshold for Filing 1099K
Hello- what is the threshold amount I have to make in a year via a third party platform to file a 1099K? (ie. if I make over $600 through eBay in a year then I will need to file, but if I make less than that I don't?)
Additionally, if I reach the $$ threshold and have to file a 1099K, do I need to record all my expenses that went into the profit I made?
Thanks!
‎August 31, 2022
9:52 AM