Originally Posted by
aegt123
Exactly my point. With even two accounts your SSN will have received $24K, which is greater than the $20K trigger point. What do you do then?
It's +20K
AND +200 transactions. Both not either/or, unless each of your transactions is smaller than $120.
https://payments.amazon.com/sdui/sdu...al-Regulations
IRS Reporting Regulations on Third-Party Payment Transactions
Beginning with the 2011 tax year, new Internal Revenue Service (IRS) regulations require that U.S. third-party settlement organizations and payment processors, including Amazon Payments, file Form 1099-K to report unadjusted annual gross sales or payment volume information for customers who meet both of the following thresholds in a calendar year:
More than $20,000 in gross payment volume, and
More than 200 transactions.