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1099k for States not following the IRS reporting threshold

OPAOPA Posts: 17,137 ✭✭✭✭✭
edited July 9, 2025 9:52AM in U.S. Coin Forum

State

Threshold

D.C

$600

Maryland

$600

Massachusetts

$600

Missouri

$1,200

Montana

$600

New Jersey

$1,000

North Carolina

$600

Vermont

$600

Virginia

$600

All other states follow the federal threshold set by the IRS.

https://support.waveapps.com/hc/en-us/articles/12277365763220-Form-1099-K-Federal-state-thresholds

"Bongo drive 1984 Lincoln that looks like old coin dug from ground."

Comments

  • Pnies20Pnies20 Posts: 2,476 ✭✭✭✭✭

    🤔

    BHNC #248 … 130 and counting.

  • WQuarterFreddieWQuarterFreddie Posts: 3,015 ✭✭✭✭✭

    This was discussed in another thread that got closed...

  • jmlanzafjmlanzaf Posts: 36,255 ✭✭✭✭✭

    @WQuarterFreddie said:
    This was discussed in another thread that got closed...

    Actually, the other thread didn't have the state info.

    [It also didn't get closed because of the topic. ]

  • WQuarterFreddieWQuarterFreddie Posts: 3,015 ✭✭✭✭✭

    @jmlanzaf said:

    @WQuarterFreddie said:
    This was discussed in another thread that got closed...

    Actually, the other thread didn't have the state info.

    [It also didn't get closed because of the topic. ]

    The other thread got closed because of you and another member taking it off the rails.

    History is doomed to repeat itself. I know because of my VaultBox threads getting taken off the rails and closed.

    Actually, the other thread DID have the State information that I specifically posted for Maryland and I explained that each State threshold will determine if one will receive a 1099-K.

  • jmlanzafjmlanzaf Posts: 36,255 ✭✭✭✭✭
    edited July 8, 2025 12:04PM

    @WQuarterFreddie said:

    @jmlanzaf said:

    @WQuarterFreddie said:
    This was discussed in another thread that got closed...

    Actually, the other thread didn't have the state info.

    [It also didn't get closed because of the topic. ]

    The other thread got closed because of you and another member taking it off the rails.

    History is doomed to repeat itself. I know because of my VaultBox threads getting taken off the rails and closed.

    Actually, the other thread DID have the State information that I specifically posted for Maryland and I explained that each State threshold will determine if one will receive a 1099-K.

    And now we have all the states!

    Gee... is THAT why the other thread got closed? Lol. I think I already alluded to it but if you want to name names...

  • Morgan WhiteMorgan White Posts: 8,417 ✭✭✭✭✭

  • WQuarterFreddieWQuarterFreddie Posts: 3,015 ✭✭✭✭✭

    @Morgan White said:

    Exactly.

  • jmlanzafjmlanzaf Posts: 36,255 ✭✭✭✭✭

    @Morgan White said:

    Not from me. The chat bot isn't ready...

  • jmlanzafjmlanzaf Posts: 36,255 ✭✭✭✭✭

    @Morgan White said:

  • lermishlermish Posts: 3,718 ✭✭✭✭✭

    @WQuarterFreddie said:

    @jmlanzaf said:

    @WQuarterFreddie said:
    This was discussed in another thread that got closed...

    Actually, the other thread didn't have the state info.

    [It also didn't get closed because of the topic. ]

    The other thread got closed because of you and another member taking it off the rails.

    History is doomed to repeat itself. I know because of my VaultBox threads getting taken off the rails and closed.

    Actually, the other thread DID have the State information that I specifically posted for Maryland and I explained that each State threshold will determine if one will receive a 1099-K.

    Since somebody said the magic word...I am still playing with house money for VB and am interested in this issue. However, as a CA resident, I think that if my total purchase is <$2k I will have to pay sales tax which means I won't be buying this one ($375/ea x 5 HHL = $1875). I'll find out tomorrow.

    chopmarkedtradedollars.com

  • jmlanzafjmlanzaf Posts: 36,255 ✭✭✭✭✭

    @lermish said:

    @WQuarterFreddie said:

    @jmlanzaf said:

    @WQuarterFreddie said:
    This was discussed in another thread that got closed...

    Actually, the other thread didn't have the state info.

    [It also didn't get closed because of the topic. ]

    The other thread got closed because of you and another member taking it off the rails.

    History is doomed to repeat itself. I know because of my VaultBox threads getting taken off the rails and closed.

    Actually, the other thread DID have the State information that I specifically posted for Maryland and I explained that each State threshold will determine if one will receive a 1099-K.

    Since somebody said the magic word...I am still playing with house money for VB and am interested in this issue. However, as a CA resident, I think that if my total purchase is <$2k I will have to pay sales tax which means I won't be buying this one ($375/ea x 5 HHL = $1875). I'll find out tomorrow.

    Interesting collection of red core coins.

  • privatecoinprivatecoin Posts: 3,624 ✭✭✭✭✭

    @WQuarterFreddie said:

    @jmlanzaf said:

    @WQuarterFreddie said:
    This was discussed in another thread that got closed...

    Actually, the other thread didn't have the state info.

    [It also didn't get closed because of the topic. ]

    The other thread got closed because of you and another member taking it off the rails.

    History is doomed to repeat itself. I know because of my VaultBox threads getting taken off the rails and closed.

    Actually, the other thread DID have the State information that I specifically posted for Maryland and I explained that each State threshold will determine if one will receive a 1099-K.

    Who's ready for another Vaultbox Thread! :D

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

  • LiquidatedLiquidated Posts: 315 ✭✭✭✭

    List of States above is not complete.

    This is more accurate:
    https://docs.stripe.com/connect/1099-K#1099--k-filing-required

This discussion has been closed.