1099k threshold

[mikitch]

does anybody know the 1099k threshold for 2025 I thought it was $2500 but on the ebay page it has $20000, 

You’ll only receive a Form 1099-K for 2025 if you meet any of the following criteria:

• You exceed $20,000 in gross sales and 200 transactions
• You have federal and/or state backup withholding applied in 2025 or were subject to withholding in 2025
• You reside in a state that has a lower reporting threshold

[wastingtime101]

Top of the Announcements board:

https://community.ebay.com/t5/Announcements/bg-p/Announcements

https://community.ebay.com/t5/Announcements/1099-K-threshold-reverts-to-prior-level/ba-p/35224253

[estate_echoes]

It changed:

[caldreamer]

1099 has nothing to do with Sellers reporting their income to the IRS.   Change in 1099 threshold only benefits corporations from doing excessive amounts of paperwork.

IRS still requires that you report "gross income" for every dollar earned.  Also bear in mind, 1099 threshold for State of Pennsylvania is $600.

[yoonix1]

Very good point. I'd like to know too.