The IRS 1099-K threshold is now $600. Millions more freelancers will receive forms this year.
TurboTax Self-Employed handles 1099-K income and finds all your deductions.
File with TurboTax →Threshold: $600 total payments in 2026 (down from $20,000 / 200 transactions).
Who sends them: PayPal, Venmo (business), Cash App, Etsy, eBay, Airbnb, Uber, Amazon, Stripe, etc.
Important: Personal reimbursements (splitting bills, gifts) are NOT taxable. Only business income is. Keep records to substantiate.