How to report 1099-K payments and claim deductions You can report 1099-K payments as income on Schedule C of your tax return, which covers profits and losses for sole proprietor businesses.

F or many Americans who sell products online or use third-party payment platforms like PayPal, Venmo, or Cash App, new tax reporting rules are being implemented that could affect your financial ...

Whether you receive a Form 1099-K or not, if you received taxable income from the sales of goods or services, you’ll need to report it on your tax return. What if you get an incorrect 1099-K?

While the 1099-K tax reporting change applies to business payments, it’s possible you’ll receive one for personal transfers. Here’s how to handle it.

The IRS announced a delay in the 1099-K reporting threshold. Lisa Greene-Lewis, CPA and TurboTax tax expert, explains what you need to know for your 2022 taxes.

The law will not affect the amount of taxes owed, but it will change how you report income with 1099-K forms. The changes were supposed to take effect for the 2023 tax year, but they have been ...

This year, some gig workers, freelancers and small business owners received an unfamiliar IRS tax form: a 1099-K. If you're one of them, how you report this form on your tax return could ...

The Internal Revenue Service has released a clarification for how to report credit and debit card transactions on the new Form 1099-K information-reporting form.

IRS delays gig-tax filing rule for side hustles earning at least $600. 2022 1099-K reporting limits revert to $20,000 on 200 transactions.