Is it true the IRS is holding off 1099-K , that its only for people who who made $20000 and 200 sales?

Forum|Forum|3 years ago
January 8, 2023
2 replies
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DoninGA

Level 15

Yes.

Go to this IRS website for information - https://www.irs.gov/newsroom/irs-announces-delay-for-implementation-of-600-reporting-threshold-for-third-party-payment-platforms-forms-1099-k

xmasbaby0

Level 15

You still have to report the income and enter it on your tax return. The lack of the 1099K does not mean the income was not taxable.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Is it true the IRS is holding off 1099-K , that its only for people who who made $20000 and 200 sales?

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