Why did I receive a 1099-K even though it's below the IRS threshold?
by TurboTax • 
Updated December 16, 2025 8:52 PM
Form 1099-K tracks income you made from selling goods or providing services via payment apps and online marketplaces. Examples include PayPal, Venmo, Square, Etsy, Uber, and eBay.
You should receive a 1099-K if you made more than $20,000 and the number of transactions exceeds 200 on one of these platforms.
Even if you don't receive a 1099-K, or you make less than $20,000, you still need to report all taxable income to the IRS.
However, some states have lower 1099-K filing thresholds than the IRS:
Arkansas-$2,500
District of Columbia-$600
Illinois-$1,000 and 4 or more transactions
Maryland-$600
Massachusetts-$600
Mississippi-$5,000
Montana-over $600
New Jersey-$1,000
North Carolina-$600
Rhode Island-$100
Vermont-$600
Virginia-$600
