The really wild ones are the people that are walking red flags that haven't had anything happen. I had a repairman contractor who was paid all through 3rd parties and had all his revenues reported to the IRS through 1099K and hadn't filed in years. Years and years. Absolutely shocking stuff
August 2, 2023 at 10:45 PM
The really wild ones are the people that are walking red flags that haven't had anything happen. I had a repairman contractor who was paid all through 3rd parties and had all his revenues reported to the IRS through 1099K and hadn't filed in years. Years and years. Absolutely shocking stuff
The new $600 1099K tax form is such bullshit. How is making anyone who gets more than $600 a YEAR from PayPal or Venmo "going after the richestAmericans"?
www.youtube.com/watch?v=NCVK...
www.youtube.com/watch?v=NCVK...
New IRS $600 Tax Rule for 2024 (Venmo - Cash App - PayPal)
YouTube video by ClearValue Tax
www.youtube.com
November 29, 2024 at 7:59 PM
The new $600 1099K tax form is such bullshit. How is making anyone who gets more than $600 a YEAR from PayPal or Venmo "going after the richestAmericans"?
www.youtube.com/watch?v=NCVK...
www.youtube.com/watch?v=NCVK...
This post is a few years old and has steps specific to Turbotax, but looks like it's talking about the same question! There's a mention here about contacting Paypal about an amended 1099K with the Patreon funds excluded, so it sounds like you'll want to start there.
ttlc.intuit.com/community/ta...
ttlc.intuit.com/community/ta...
Patreon 1099-k and Paypal 1099-k forms for nearly the same amount.
This is my first year dealing with 1099-K forms in general, but I have a issue that I want to be fully 100% sure about. This is all for 2020. My Patreon sent me a 1099-K form, but that income payouts...
ttlc.intuit.com
March 11, 2025 at 6:18 PM
This post is a few years old and has steps specific to Turbotax, but looks like it's talking about the same question! There's a mention here about contacting Paypal about an amended 1099K with the Patreon funds excluded, so it sounds like you'll want to start there.
ttlc.intuit.com/community/ta...
ttlc.intuit.com/community/ta...
i want to draw but got 1099k emails while i was melting on my bed from illness and end up organizing my tax return calculations...
January 29, 2025 at 10:46 PM
i want to draw but got 1099k emails while i was melting on my bed from illness and end up organizing my tax return calculations...
2024 is almost over. Be careful of IRS 1099K form for PayPal Venmo, cashapp, 3rd party processors, etc. its receiving only $600 a year instead of the previous $20,000. If you resold stuff at a loss hope you saved your old receipts.
November 29, 2024 at 7:40 PM
2024 is almost over. Be careful of IRS 1099K form for PayPal Venmo, cashapp, 3rd party processors, etc. its receiving only $600 a year instead of the previous $20,000. If you resold stuff at a loss hope you saved your old receipts.
PS: In this thread I say "W2" where I mean to actually say "1099K" it is very fucking easy to forget which forms mean what when you're in the nightmare of self-filed taxes in the US.
Almost like it's done that way on fucking purpose.
Almost like it's done that way on fucking purpose.
August 5, 2025 at 11:43 PM
PS: In this thread I say "W2" where I mean to actually say "1099K" it is very fucking easy to forget which forms mean what when you're in the nightmare of self-filed taxes in the US.
Almost like it's done that way on fucking purpose.
Almost like it's done that way on fucking purpose.
Got a 1099k in the mail for money I never received yippee I love having my identity stolen it's very cool and epic :)
February 7, 2025 at 3:36 PM
Got a 1099k in the mail for money I never received yippee I love having my identity stolen it's very cool and epic :)
Yeah, but was it a 1099NEC or 1099K? :)
January 30, 2025 at 2:44 PM
Yeah, but was it a 1099NEC or 1099K? :)
Fear mongering over 1099K: I won’t bite.
December 7, 2024 at 8:13 AM
Fear mongering over 1099K: I won’t bite.
Any redbubble sellers on here?
I just need to know - did paypal issue a 1099k for your earnings? Just a yes or no please... I'm at my wit's end with them.
I just need to know - did paypal issue a 1099k for your earnings? Just a yes or no please... I'm at my wit's end with them.
February 15, 2025 at 5:14 PM
Any redbubble sellers on here?
I just need to know - did paypal issue a 1099k for your earnings? Just a yes or no please... I'm at my wit's end with them.
I just need to know - did paypal issue a 1099k for your earnings? Just a yes or no please... I'm at my wit's end with them.
Ah sorry wrong form. Yes it would be the 1099K wouldnt it
Pardon my literal brain damage lmao, that is what is meant.
Pardon my literal brain damage lmao, that is what is meant.
August 5, 2025 at 11:42 PM
Ah sorry wrong form. Yes it would be the 1099K wouldnt it
Pardon my literal brain damage lmao, that is what is meant.
Pardon my literal brain damage lmao, that is what is meant.
NO WAIT IM A GOOBER. I CONFUSED W9 AND 1099K ARE DIFFERENT AGAIN. this isnt as scary as i thought probaly.
December 8, 2025 at 5:37 PM
NO WAIT IM A GOOBER. I CONFUSED W9 AND 1099K ARE DIFFERENT AGAIN. this isnt as scary as i thought probaly.
For your accountant, the Reports > Balance Summary + Payout Reconciliation reports will be important, but they'll also look at the (US only) Form 1099K that Stripe issues. The 1099K total is different from the Balance + Payout totals, yet you still need to reconcile it with e.g. the Payout report.
February 21, 2025 at 1:54 PM
For your accountant, the Reports > Balance Summary + Payout Reconciliation reports will be important, but they'll also look at the (US only) Form 1099K that Stripe issues. The 1099K total is different from the Balance + Payout totals, yet you still need to reconcile it with e.g. the Payout report.
Man. Somehow Paypal botched my 1099k form for taxes this year where earnings and stuff are COMPLETELY off.
January 26, 2025 at 3:22 PM
Man. Somehow Paypal botched my 1099k form for taxes this year where earnings and stuff are COMPLETELY off.
anyone else using freetaxusa and adding your 1099k from p/ayp/al to your schedule C im so confused rn by this one specific section in it lollll
March 9, 2025 at 6:59 PM
anyone else using freetaxusa and adding your 1099k from p/ayp/al to your schedule C im so confused rn by this one specific section in it lollll
God, I hate the PayPal 1099k threshold, it’s so annoying and really easy to cross… no less if you do, you’re bitten in the butt by taxes…
March 16, 2025 at 11:17 AM
God, I hate the PayPal 1099k threshold, it’s so annoying and really easy to cross… no less if you do, you’re bitten in the butt by taxes…
Uber/Lyft drivers, or anyone doing gig work like DoorDash and getting a 1099k), make sure any commissions in gross IRS reporting number are listed as expense on your Schedule C. Should be able to find info on your acct. Check google for more info.
March 20, 2025 at 4:31 PM
Uber/Lyft drivers, or anyone doing gig work like DoorDash and getting a 1099k), make sure any commissions in gross IRS reporting number are listed as expense on your Schedule C. Should be able to find info on your acct. Check google for more info.
Did you get a 1099k from them? If so you definitely do but if not you should probably still log the income as hobby income
February 17, 2025 at 5:45 PM
Did you get a 1099k from them? If so you definitely do but if not you should probably still log the income as hobby income
Hope she reports her sales on a 1099k. It’s the law😂
March 12, 2025 at 10:36 PM
Hope she reports her sales on a 1099k. It’s the law😂
They just drop into PayPal, which is nice.
For stripe it sends them to my bank after a few days.
It’s sort of nice seeing the flow of customers and also not being beholden to waiting for a third party.
Also the 1099k can sometimes double report during taxing time when itch does payouts.
For stripe it sends them to my bank after a few days.
It’s sort of nice seeing the flow of customers and also not being beholden to waiting for a third party.
Also the 1099k can sometimes double report during taxing time when itch does payouts.
August 28, 2025 at 3:46 PM
They just drop into PayPal, which is nice.
For stripe it sends them to my bank after a few days.
It’s sort of nice seeing the flow of customers and also not being beholden to waiting for a third party.
Also the 1099k can sometimes double report during taxing time when itch does payouts.
For stripe it sends them to my bank after a few days.
It’s sort of nice seeing the flow of customers and also not being beholden to waiting for a third party.
Also the 1099k can sometimes double report during taxing time when itch does payouts.
Paypal doesn't do taxes???
Do they mean the 1099K informational form?
Do they mean the 1099K informational form?
October 12, 2024 at 4:30 PM
Paypal doesn't do taxes???
Do they mean the 1099K informational form?
Do they mean the 1099K informational form?