2025 Form 1099-K Reporting Modifications
Beginning with tax year 2025, Form 1099-K for Third-Party Network Transactions such as merchant accounts, PayPal, eBay, Venmo, CashApp, Etsy, Poshmark, Uber, Lyft, etc., will NOT be required to be issued unless the GROSS amount of total reportable payment transactions are:
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Greater than $20,000, and
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The number of such transactions are greater than 200
NOTE: Even though a Form 1099-K may not be issued, the income (even if $20,000 or less) is still required to be reported on the income tax return.
