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IRS Reinstates $20,000 / 200-Transaction Threshold For Form 1099-K

derrybderryb Posts: 37,987 ✭✭✭✭✭
edited October 26, 2025 10:03AM in Precious Metals

For those who didn't get the memo

Restored under the One Big Beautiful Bill Act. The IRS noted that some states maintain lower thresholds that remain in effect locally.

The IRS emphasized that the reporting threshold affects only who receives the form, not what is taxable. Taxable income is reportable income with or without a 1099-k.

If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong

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