Important Update on IRS 1099-K Reporting Requirements
What’s Changing?
Due to the recently passed One Big Beautiful Bill (OBBB), the IRS has raised the threshold for when online platforms like Everything But The House will issue Form 1099-K to sellers.
Effective in 2025, the reporting threshold has been increased to the following level:
• $20,000 in total sales and 200 or more transactions in a year
This change is retroactive to 2022 and applies moving forward.
What This Means for Sellers
If you’ve received a 1099-K in past years but your 2025 sales don’t exceed $20,000 AND 200 transactions, you will no longer receive one.
EBTH will no longer request IRS forms (like a W-9) from sellers who fall below the threshold.
If you do exceed the threshold, you’ll still receive a 1099-K showing your total gross payments for the year.
Reminder: this is not your taxable income—your costs and expenses may reduce your actual taxable amount.
What This Means for Buyers
This change primarily affects sellers.
However, it underscores EBTH’s continued commitment to full compliance with federal regulations and transparent transactions on our platform.
Why It Matters
We’re making sure you’re informed about these updates so there are no surprises during tax season. These changes also reduce paperwork for many sellers on our platform.
If you have questions about how this applies to you, we recommend consulting your tax advisor for personalized guidance.
In Short:
✅ No 1099-K unless you exceed $20,000 + 200 transactions/year
✅ Less paperwork for most sellers
✅ Same trusted EBTH experience
