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IRS delays the $600 reporting threshold change for 1099-K from payment platformswww.irs.gov/newsroom/irs-announces-delay-for-implementation-of-600-reporting-threshold-for-third-party-payment-platforms-forms-1099-k
145 sats \ 1 comment \ @cryptocoin 23 Dec 2022 bitcoin
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20 sats \ 0 replies \ @cryptocoin OP 23 Dec 2022
tl;dr: Will not apply for activity prior to January 1st, 2023.
From ZeroHedge:
https://www.zerohedge.com/political/irs-delays-600-gig-tax-rule
And, here's an article on this from The Block:
IRS to delay $600 payment platform reporting threshold, calls 2022 "transition period" https://www.theblock.co/post/197778/irs-to-delay-600-payment-platform-reporting-threshold-calls-2022-transition-period [12ft proxy
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