Do Stripe & Amazon give 1099s like Paypal?

So I’ve been reading up somewhat on this but I’m unclear.

It used to be that a seller had to make $20, 000 AND a number in total of 200 sales before being given a 1099 from Paypal or any payment processor for that matter from what I understand.

Now I believe as long as a seller has $600 in money that runs through Paypal that Paypal is giving a 1099 to all sellers.

So if this is the case, does Amazon and Stripe do this also?

And even if this is not the case/scenario with our monies, what is the case now with 1099s being given to sellers from the payment processors?

Thanks from Sharon!

asked 3 months ago


VeronicaBooksAndArt January 05, 2023

The $600 ceiling has been iced for now. You won’t get a 1099. The question I have is… can you deduct storage and office space? My understanding is this was taken away with the $600 ceiling. Does anyone know?

EmpressDepot January 06, 2023

Ty Veronica. I can’t give a 100 percent answer or I would. Too bad TomWayne won’t pop in.

1 Answer

Hey, Sharon… thanks for the vote of confidence. I’m “popping in”.

All payment processors have to report your received payouts to the IRS on a 1099-K form if you exceed the limits. The IRS just postponed (delayed implementation) new reporting requirements that was supposed to take effect. However, the old (previously implemented) reporting requirements are still in effect.

Also, any expenses you have in the cost of selling can be subtracted from your income. However, be careful of trying to write-off part of your house since any space has to be used ONLY for business. If you get audited, your will have to provide proof of those business expenses. Home office deductions are RED FLAGS to the IRS.

The reported news states that "The Internal Revenue Service has announced a one-year delay of the new $600 tax reporting threshold to help ease the transition to the new reporting requirement for taxpayers, tax professionals, and online marketplaces.

As a result, for tax year 2022, only eBay sellers [URL removed] 1) exceed the reporting threshold of $20,000 and 200 transactions, 2) had backup withholding applied in 2022, or 3) are residents of states that have a lower reporting threshold will receive a Form 1099-K.

The delay does not change your income tax reporting obligations. "

answered 3 months ago

Reputation: 8559
See tomwayne1's booth


VeronicaBooksAndArt January 07, 2023

My thought is that any Bonanzler with thousands of listed items encroaching on their living space qualifies for a percentage deduction; but yes, short of a dedicated office, with minimal active listings, it’s not worth the trouble.

EmpressDepot January 08, 2023

Thanks Tom. Do you think the IRS will be postponing the same for 2023 as they did in 2022? Or will we have to wait and see? And yes, you definitely have my vote of confidence :)

tomwayne1 January 08, 2023


tomwayne1 January 08, 2023

The postponement applies to 2022 tax year. So, we won’t know the IRS plans for 2023 tax year until end of 2023. Hopefully, they will either abandon the idea or postpone further.

EmpressDepot January 10, 2023

Thanks Tom

Question Vitals

Viewed: 357 times

Asked: 3 months ago

Latest response: 3 months ago

To Answer Brilliantly

Remember these tips:

  • Use links to other sources to support your opinions
  • Use examples where possible
  • Put yourself in the inquirers shoes: what extra info would be helpful?

Should I post a comment or an answer?

You can only post one answer, so make it count. Maybe your reply is more fitting as a comment instead?

Post an answer for:

  • Replies that directly and specifically answer the original question

Post a comment for:

  • "Thanks," "Me too," "I agree," or "Works for me" types of replies
  • When you would like the original poster to provide more details
  • When you have more to add to someone else's question or answer

See also our Roundtable FAQ.


Community help posts follow certain formatting guidelines, which may impact the look of your post. If you're interested in tweaking the format, instructions are available here.