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.

Tax experts say the new 1099-K conditions will be a bumpy ride at first, particularly because some taxpayers might get a 1099-NEC and a 1099-K for the same income.

You would have to have pushed above that $5,000 threshold in 2024 to receive a 1099-K for this tax season. Resale platforms such as StubHub, Ticketmaster, Etsy, eBay, ...

1099-K tax rules: What to know if you get paid via Venmo or PayPal A change to the reporting requirements for IRS Form 1099-K will impact millions of taxpayers. Updated Thu, Jan 30 2025.

With the addition of 1099 automation, K1x further strengthens its position as the leading tax compliance automation platform. The company's solutions are already used by over 8,000 organizations, ...

Learn about the different types of 1099 forms, who receives them, and how to report the income on your tax return. Understand the importance of 1099s for accurate tax filing.

Consider working with a tax professional if you are a company or individual working with 1099-LS and 1099-SB forms. SSA-1099 The SSA-1099 documents Social Security benefits income.