Getting the Most out of QuickBooks
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LisaNullar
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.
For more resources on the 1099-K tax form changes, check out the links below!
- https://quickbooks.intuit.com/learn-support/en-us/help-article/tax-forms/intuit-1099-k-form/L2JIt4QT...
- https://turbotax.intuit.com/tax-tips/irs-tax-forms/form-1099-k-decoded-for-the-self-employed/L6xHSTX...
- https://turbotax.intuit.com/tax-tips/self-employment-taxes/paypal-and-venmo-taxes-what-you-need-to-k...
