Armed Polite Society

Main Forums => The Roundtable => Topic started by: Brad Johnson on January 04, 2022, 08:57:17 PM

Title: Use a payment app? Get ready for Form 1099-K.
Post by: Brad Johnson on January 04, 2022, 08:57:17 PM

If you use a payment app for, well, just about anything, there's a new reporting rule. Anything over $600/yr in inbound transactions will now be reported as income on Form 1099-K.

https://youtu.be/asaJhr77BAM

Brad

Title: Re: Use a payment app? Get ready for Form 1099-K.
Post by: HeroHog on January 05, 2022, 12:00:09 AM

This sucks a LOT for us...  [tinfoil] :old: