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Post by deltas*delights on Jan 24, 2023 3:49:59 GMT
I wrote yesterday to PM and asked when our 1099s would be ready, and they told me in a few weeks. Isn't all that stuff supposed to be out by Jan 31?
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Post by denise15601 on Jan 24, 2023 15:11:59 GMT
I thought that they were delayed until the end of 2023.
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Post by deltas*delights on Jan 24, 2023 15:54:23 GMT
How would that work? Taxes have to be done by April 15th.
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PM 1099
Jan 24, 2023 18:34:31 GMT
via mobile
Post by denise15601 on Jan 24, 2023 18:34:31 GMT
Oh, I was thinking of the 1099k's.
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Post by denise15601 on Jan 24, 2023 19:26:03 GMT
I went to my sales report in my Posh account and downloaded it there for the totals. And yes, Jan 31 is the deadline. Do you have to make $20,000 on there for a 1099?
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val2525
Chaos Manager
Posts: 30,768 
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Post by val2525 on Jan 24, 2023 20:55:10 GMT
Currently a 1099-K is issued when you have $20,000 in sales OR 200 transactions. If you don't meet at least one of those requirements, PM is not required to issue a 1099. These have to be ready by 1/31, so PM still has another week to make them available.
The requirement to change that $20,000/200 threshhold to just $600 in sales, period, is postponed until next year.
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Post by deltas*delights on Jan 24, 2023 22:27:44 GMT
Currently a 1099-K is issued when you have $20,000 in sales OR 200 transactions. If you don't meet at least one of those requirements, PM is not required to issue a 1099. These have to be ready by 1/31, so PM still has another week to make them available. The requirement to change that $20,000/200 threshhold to just $600 in sales, period, is postponed until next year. Ok, so no 1099 for me. I didn't come close to 20,000 and had 189 sales. Thanks all for the information. I'll just print out my sales report for my accountant like I've been doing. |
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