The IRS changed the income minimum reporting threshold in 2022. The new threshold for 1099-K's are now the same as other similar 1099 income reporting documents. You will be issued the 1099-K if your Gross payments are $600. or more. There also is no longer a minimum transaction required number. So if all the gross payment came from 1 or 200 + transactions it no longer has an impact on the issuing of a 1099-K. Only the amount of gross payments is used to determine when a 1099-K is issued. Many companies like e-bay went ahead and implemented the new IRS reporting requirements early for the 2021tax year and forward to be in compliance with the new IRS reporting rules.
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