1099 K reporting delayed

[Camp1040]

https://www.irs.gov/newsroom/irs-announces-delay-in-form-1099-k-reporting-threshold-for-third-party-...

[abctax55]

yep....

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

[Camp1040]

 I was a little late to the party!!

[IRonMaN]

Has anybody heard about this yet? 😜

IRS announces delay in Form 1099-K reporting threshold for third party platform payments in 2023; pl...

[abctax55]

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

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

[rbynaker]

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]

Rick, that's a bummer.

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