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sams-jenn
New Member

I got a 1099-k for selling more than $600(but less than $20k). Do I still need to list it in my taxes even though the IRS has postponed the taxable threshold for 2022?

 
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2 Replies

I got a 1099-k for selling more than $600(but less than $20k). Do I still need to list it in my taxes even though the IRS has postponed the taxable threshold for 2022?

The 600 threshold is for them to issue a 1099.  Not for you.  You have to report all your income no matter how small.   

I got a 1099-k for selling more than $600(but less than $20k). Do I still need to list it in my taxes even though the IRS has postponed the taxable threshold for 2022?

The $20,000 was not a taxable threshold but rather a reporting threshold for the payor. Nothing else changed. You are still responsible for reporting all business income. 

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