2024 1099k Limits. So, it’s a compromise of sorts — not as low as $600, but still requiring more reporting of transactions. For tax year 2023, ebay and other online payment platforms are only required to report transactions to the irs once you hit an annual threshold of $20,000 in gross payments and at.

Full implementation of the new law will roll out in the 2025 tax year (taxes filed in 2026). While the threshold could possibly be raised before 2023 form 1099.