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Looks like 2021 and earlier, there's a cap of $20,000 before you need to report to IRS using Form 1099-K. Assuming the author is from the US, they may have stay
by ctchocula 5y ago
Looks like 2021 and earlier, there's a cap of $20,000 before you need to report to IRS using Form 1099-K. Assuming the author is from the US, they may have stayed below this limit and not needed to report. However, beginning in January 2022 the limit is dropping down to $600 before needing to be reported using Form 1099-K.
- plasticbugs 5y agoYep, I haven’t exceeded the reporting amount yet. Hopefully my tax situation doesn’t get overly complicated. If it does, I may need a new side project.