To all,

I would make sure you also know your states tax laws. For example my state already is at the 1,200.00 threshold. Last year I got caught not knowing about the change. So just because the federal government is on hold the state will require a 1099K.

Here is a good site to check and confirm with your tax person if accurate.

https://blog.tax1099.com/form-1099-k-state-filing-requirements/

Good luck.

Paul Schaffer
LM-7745-264