Getting a tax form or not getting a tax form has nothing to do with paying taxes. ALL income is taxable. You won't find anyone here who will tell you otherwise. I did not get a 1099-K, but I still filled out a Schedule C, took my deductions, and got a net that was my income.
That has not been announced for the federal 1099-K yet. It will be sometime before the end of the year. Your state may have a lower requirement. Remember you are required to include all income whether or not you receive a 1099.
evry1nositswindy
Mentor2 years agoGetting a tax form or not getting a tax form has nothing to do with paying taxes. ALL income is taxable. You won't find anyone here who will tell you otherwise. I did not get a 1099-K, but I still filled out a Schedule C, took my deductions, and got a net that was my income.
lisa5768
Mentor2 years ago@seabreezemarie
That has not been announced for the federal 1099-K yet. It will be sometime before the end of the year. Your state may have a lower requirement. Remember you are required to include all income whether or not you receive a 1099.