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Updated Filing Requirements for Form 1099-K

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What’s Changing?
For tax year 2022, you received a Form 1099-K if the gross amount of aggregate payments exceeded $20,000 and the number of such transactions exceeded 200.

Beginning with tax year 2023, you will receive a Form 1099-K if the gross amount of aggregate payments is $600 or more, regardless of the number of such transactions.

 

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For more resources on the 1099-K tax form changes, check out the links below!
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