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EP438: 1099-K for Amazon Sellers: No Form? You Still Must Report It
You can make a full year of sales and never see a Form 1099-K. The IRS still counts that income. This episode covers 1099-K explained for marketplace sellers and how to check your tax liability now. The threshold changed. Payment apps and marketplaces must send a Form 1099-K when goods or services payments total over twenty thousand dollars and the count is more than 200 transactions. If you fall below that, you do not get the form. But the income is still yours to report. Missing the form does not mean the money is off the books. It means you have to find it yourself. Here is what you get…
The skinny
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