1099‑K Wizard
Determine whether you’re likely to receive a 1099‑K, with federal and state overlays.
Status as of — Federal transition relief: $5,000 (2024), $2,500 (2025), then $600 (2026+). Card transactions are reportable without a dollar threshold. See IRS Notice 2024‑85 and FAQs.
Step 1: Basics
Tell us who you are and what you sell. We’ll save contact details now so you don’t lose progress.
Frequently Asked
No. Personal transfers like gifts, reimbursements, or splitting bills are not reportable on Form 1099‑K. Only goods/services payments count. IRS FAQ
Some states require 1099‑K at lower amounts (for example, MA/VA/VT at $600; IL requires ≥$1,000 and ≥4 transactions; MO at $1,200; NJ at $1,000). Platforms may still issue you a 1099‑K to meet those state rules even if you’re below the federal threshold. Always confirm current rules at the state’s tax site.
No. This tool is for information only. Always consult a tax professional.
We store only Step‑1 contact details so our team can help if you want. Platform details you enter in Step‑2 are computed locally in your browser and are not saved to our server.
Outsourced Bookkeeping is ISO 27001 certified for information security. We never ask for SSNs/EINs in this tool.
Sources: IRS Notice 2024‑85; IRS 1099‑K FAQs; MA DOR; VA Tax; VT Act 73 guidance; IL Dept. of Revenue; MO DOR.
