I opened a small Esty Shop business in 2016, my net sales were $546.00, do I file a 1099-K for this?

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I opened a small Esty Shop business in 2016, my net sales were $546.00, do I file a 1099-K for this?

Yes. You have to pay self employment tax on a net profit of $400 or more.

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I opened a small Esty Shop business in 2016, my net sales were $546.00, do I file a 1099-K for this?

Yes. You have to pay self employment tax on a net profit of $400 or more.

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