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1099 K reporting delayed

Camp1040
Level 11
6 Comments 6
abctax55
Level 15

yep....

https://proconnect.intuit.com/community/tax-talk/discussion/delay-in-new-1099k-reporting-and-new-thr...

"*******Tax software is no substitute for a professional tax preparer*******
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Camp1040
Level 11

 I was a little late to the party!!

IRonMaN
Level 15
abctax55
Level 15

LOL.... 'party' ???????

IRS sent it out a while ago; Spidell 'just' sent a flash email on it 😉

"*******Tax software is no substitute for a professional tax preparer*******
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rbynaker
Level 13

Yeah, but unfortunately this one came out 3 years ago and is still in place:

https://www.tax.virginia.gov/sites/default/files/inline-files/tb-20-10-virginia-1099-k-filing-requir...

TLDR: A $600 threshold has been in place since 2020 for anyone with a VA address.

abctax55
Level 15

Rick, that's a bummer.

I'll send YOU any VA returns that cross my desk 😉

"*******Tax software is no substitute for a professional tax preparer*******
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