Originally Posted by
phsu
If I read AP site correcly, no one will get the 1099-K form -- unless folks have reieved $20,000+ AND more than 200 transactions.
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Will you file Form 1099-K for my account if I only exceed one of the two thresholds?
No. Unless you exceed both thresholds ($20,000 in gross payment volume and 200 transactions) we will not file Form 1099-K for you.
The 200 transactions with $20k received is when they
have to issue a 1099. They could choose to give you a 1099 for less if they wanted to.