The IRS is implementing new 1099-K reporting requirement this year. That means anyone who receives $5,000 or more in income via third-party payment apps such as PayPal, Venmo, Cash App or Zelle in 2024 will receive a 1099-K next year.
IRS 1099-K Delay: What PayPal, Venmo and Cash App Users Should Know for Tax Season – CNET
