I am seeing conflicting reports of whether or not I will get a 1099 from Stubhub. I had less than 200 transactions but my total sales were more than $600 but less than $20000. I was assuming I would get a 1099 but I havent received one yet as of February 2 and I am seeing that the rule was pushed back to be applicable to sales made in 2023. Does this mean that I will only get a 1099 for sales in 2022 if I had over 200 transactions or had over $20000 in sales?
My taxes are all ready to go but not sure if I still need to wait for a 1099 from Stubhub for 2022.
The federal reporting requirement as been delayed until next tax season. But the $600 threshold still holds if you live in Massachusetts or Vermont so if you don't live in those states then you will not get a 1099K this year.
Hi @jsbowl16
I am not a tax professional but I beleive you will only receive a 1099 for 2022 if oyu had both more than $600 in slaes AND 200 transactions. Beginning next year the only thing that matters is the level of sales.