Your business could receive more than one Form 1099-K. For example, if your business accepts payments on both Etsy and Amazon and you receive over $2,500 in payments on both platforms in 2025, you ...

A payment app or online marketplace is required to send you a Form 1099-K if the payments you received for goods or services total over $5,000.

Common examples for when people could be surprised by a 1099-K include selling concert tickets for substantially elevated prices, like those for the Taylor Swift Eras Tour, which ran through 2024.

A 1099-K form is a relatively new IRS income tax form that freelancers and business owners who earned more than $5,000 ... Some payment processors may issue an erroneous 1099-K. For example, ...

Report the costs, up to but not more than the proceeds amount (the Form 1099-K amount), on Part II – Line 24z – Other Adjustments, using the description "Form 1099-K Personal Item Sold at a Loss." The ...

Form 1099-K is an annual report of payment received by an individual from payment cards (credit, debit or stored value cards such as gift cards) ... for example, Massachusetts, ...

IRS officials said some taxpayers will still get a 1099-K next year for the 2023 tax year, for example, if the taxpayer faced what's called "backup withholding" on a payment platform for refusing ...

For example, you’ll receive a 1099 reporting withdrawals from 529s and HSAs, but the money may not be taxable if you use it for eligible expenses. ... New Rules for Form 1099-K .

1099-K forms. If you’re a freelancer or gig worker who receives payments via apps like Venmo, ... Some taxpayers affected by recent natural disasters get extra time to file. For example, ...

Common examples for when people could be surprised by a 1099-K include selling concert tickets for substantially elevated prices, like those for the Taylor Swift Eras Tour, which ran through 2024.