Form 1099-K, Payment Card and Third Party Network Transactions For 2023, third-party networks must issue Form 1099-K to taxpayers if they receive over $20,000 in payments through a third-party network and or have over 200 transactions This includes apps such as Venmo, Uber, Lyft, Cash App, PayPal, E-bay, etc. Taxpayers must report Form 1099-K on their tax return as income if the funds were received for the sale of goods and services If amounts on Form 1099-K are incorrect the taxpayer should contact the issuer
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