Due to Internal Revenue Service (IRS) regulations, U.S. third-party settlement organizations and payment processors, including Amazon, are required to file Form 1099-K for U.S. taxpayer sellers who meet the following thresholds in a calendar year:
- More than $20,000 in unadjusted gross sales, and
- More than 200 transactions.
If you do not meet both of these thresholds, you will not receive an IRS Form 1099-K.
If I didnt make those sale ($20,000) I wont get any document. Do I still need to report income ? How can I do it?