Do you ever receive a form 1099 for donations received from crowdfunding?

jwboykin — Mon, 03 Jun 2019 17:34:08 GMT

It is possible you may receive a Form 1099-K - A campaign...

ToddL — Mon, 03 Jun 2019 17:34:09 GMT

It is possible you may receive a Form 1099-K - A campaign creator who collects over $20,000 and has 200 transactions in a year will receive a Form 1099-K, Payment Card and Third Party Network Transactions, reporting unadjusted gross revenues.

How that "income" is treated for tax purposes will depend on the purpose of the campaign.

See more at: Crowdfunding and income taxes

topic Do you ever receive a form 1099 for donations received from crowdfunding? in Get your taxes done using TurboTax

Do you ever receive a form 1099 for donations received from crowdfunding?

It is possible you may receive a Form 1099-K - A campaign...