01-31-2023 08:53 AM
DO I HAVE A 1099K FOR 2022 WITH EARNINGS UNDER 4000 DOLLARS
01-31-2023 08:59 AM
Yes because the state threshold for Illinois is $1,000.
https://www.ebay.com/sh/fin/taxforms
01-31-2023 09:00 AM
That would depend on what state you live in. Some states have as low as a $600 reporting threshold.
01-31-2023 09:02 AM
I think that many more states will establish their own thresholds in the coming years.
01-31-2023 09:29 AM
For tax year 2022, only eBay sellers who: 1) exceed the reporting threshold of $20,000 and 200 transactions, 2) had backup withholding applied in 2022, or 3) are residents of states that have a lower reporting threshold will receive a Form 1099-K.
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