1099-K filing relief from the IRS
Payment applications and online marketplaces (Eventbrite, Amazon, Venmo, Etsy) provide a form called 1099-K if your sales exceed a specific threshold in a calendar year. We expected taxpayers to receive this form if your sales were over $600.
As of November 26th, 2024, the Internal Revenue Service has provided relief in the 1099-K filing requirements. You will now receive this form if your sales are over the following amounts -
$5,000 in 2024
$2,500 in 2025
$600 in calendar in 2026 and beyond