- KMO Studio
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Are you worried this will affect your business in any way?
If your business enterprise receives $600 or more in payments, regardless of the total number of transactions for the calendar year, then the payment processors must send a 1099-K. This is the tax form used to report payments received by a business or individual for the sale of goods and services that were paid via a third-party network.
So yes, this includes the income you receive for T-shirts you make and sell on Etsy or the house you rent out on Airbnb.
https://www.washingtonpost.com/business ... quirement/