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Question for those who recieved a 1099k
 

Hi all,

I use AMZ, Ebay, Etsy, GCO, Square and Intuit and what I found troubling is the fact that another forum reported that each of those companies (except Etsy and GCO) share infomration to see if an individual goes above both thresholds of 200/20,000. Can anyone verify this as I find is puzzling that these companies would share information between each other. Don't know if the poster there was scaring other members, but alot of them believe it.

Bull dust.

IRS has the info and IRS only.

See a tax professional for the indepth meanings of a 1099 .

As you found out bad advice could make problems for people.