Heads up; New 1099 Rules Starting in 2022 (per my interpretation)
The stimulus bill that passed the senate and is pending passage in the house includes a modification to the laws around 1099's. It revises the threshold from $20,000 AND 200 transactions to just $600. The text reads, to me, that this new threshold begins in 2022.
The earlier bill that passed the house included this provision as well, so it is very likely to be in the final bill.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."