As the facilitator of your Op payments, you can request a 1099-K for the 2024 earning period starting January 31, 2025, if your earnings exceed $5,000. Qualified recipients will be able to check their eligibility and request their 1099-K directly through the app on or after this date.
To learn how to check your eligibility and request your 1099-K, please refer to this article. If you're eligible, you can click the "Request a Copy" button, which will guide you through the process and send you an email link to access your 1099-K.
Please note: Some Operators may need to report earnings even if they do not receive a 1099-K. We recommend consulting with a tax professional to understand your specific tax reporting requirements. Your total 2024 earnings will also be available in the app, on the same screen where you can request your 1099-K.
For more information about this year’s policy difference, please check out the following link to the IRS’s website: https://www.irs.gov/newsroom/irs-provides-transition-relief-for-third-party-settlement-organizations-form-1099-k-threshold-is-5000-for-calendar-year-2024
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