CatinaT1
Expert Alumni

Self employed

Even though the new rules for issuing 1099-K's were delayed until 2023, many Third Party Settlement Organizations (TPSO) may have filed them using the new threshold.  

 

If a 1099-K was issued in any amount, it will also be sent to the IRS. Either way, the income must be reported. 

 

If there are discrepancies on a 1099-K, those would need to be addressed with the issuer.

  

 

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