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Paypal To Report Earnings of $600+ on 1099-K Tax Form in all States beginning 2022

March 11, 2021

Beginning on January 1, 2022, third party payment processors will have to report any income for goods or services exceeding $600 during the calendar year on a form 1099-K. This includes platforms such as Paypal. Certain states such as Massachusetts, Vermont, and others already have this in place.

submitted by /u/black_wolf1042
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source https://www.reddit.com/r/beermoney/comments/m2qn43/paypal_to_report_earnings_of_600_on_1099k_tax/
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