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Quickbooks self employed etsy1/20/2024 If you don't receive an IRS 1099 tax form, you are still responsible for filing and reporting your taxes. If your combined shop totals meet the above qualifications, you will receive a single 1099-K form with the combined gross totals from your shops. Although they are separate shops, all of your Etsy stores are required to have the same taxpayer information. If you have multiple stores, the total sales income will be combined to determine if you need to receive a Federal 1099-K form. The form may have been sent to an incorrect or old address. If you don't receive a 1099-K and you know you probably should have, check your account data and verify if it is the address is correct. If you meet the $20,000 minimum for online sales and 200 transactions, your income will be reported to the IRS and State tax authorities.
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