You’re only partially correct: the previous limit was 20k AND 200 or more transactions. So for example, someone taking 100k over 50 transactions was previousl

You’re only partially correct: the previous limit was 20k AND 200 or more transactions. So for example, someone taking 100k over 50 transactions was previously unreported. Old rules: https://www.irs.gov/businesses/understanding-your-form-1099-k https://www.irs.gov/businesses/understanding-your-form-1099-...