Reports payments received through third-party networks and marketplaces above a threshold. Gross, not net; you still deduct costs on the return.
A 1099-K reports gross payments, including refunds, fees, and personal reimbursements, so it routinely overstates income. Your return should reconcile to it and show the offsets. The reporting threshold has moved several times; check the current one.
No, but it needs to be addressed on the return so the IRS matching does not treat it as unreported income.
Last reviewed September 10, 2026. Tax rules change; confirm current law before acting.
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