What's Form 1099-K?
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.
You might also receive a 1099-K if you accepted payments via prepaid/gift cards or if your state has a lower reporting requirement than the IRS.
Follow these steps to enter your 1099-K if you’re selling personal items
For example, you’re selling vintage clothes you collect on eBay
Follow these steps to enter your 1099-K if you make side income from your hobby
For example, you sell candles on Etsy
Follow these steps to enter your 1099-K if you’re self-employed
For example, you accept payments for your bakery via Square
Here are some more examples to better understand.
Example 1: Stephanie teaches a yoga class on the weekends at the park. Her students pay her for the class via Venmo. In 2025, she made more than $5,000 in Venmo payments. She'll receive a 1099-K from Venmo.
Example 2: Shane is a full-time student who drives for Lyft a few days per week. In 2025, their gross income from driving for Lyft was $7,000. Shane will receive a 1099-K from Lyft reporting that income.
