The IRS Now Knows a Lot More About What You Sell
The Internal Revenue Service may know a lot more about your side hustle this tax season. Anyone who earned more than $5,000 in 2024 selling tickets, musical instruments or other goods and services online should expect to get a 1099-K tax form this month. Online platforms such as StubHub, Etsy and eBay previously only had to send these forms to users who earned more than $20,000 in most cases.