Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

The threshold is currently set to drop again in 2025, which means you'd receive a 1099-K during next year's tax season if you have transactions for more than $2,500 this year. Common examples for ...

This area is even above the section called "Part 1: Additional Income." "The place at the top of Schedule 1 to enter ...

"The place at the top of Schedule 1 to enter incorrect 1099-K information is new," Luscombe said. One example of an amount included on a 1099-K in error, he suggested, might include a situation ...