ilmscore | Prediction Details
"So, we're talking about you have to receive $20,000 in payments and more than 200 transactions. So you have to have both. Both conditions must be met."
By ClearValue Tax | November 5, 2025 | Incorrect
From video
IRS $600 Tax Rule for 2025 Changed (Venmo - Cash App - PayPal) 00:03:00 - 00:03:07
Interpreted Prediction
The IRS 1099K reporting threshold will revert to $20,000 and 200 transactions.
AI Evaluation Notes
The prediction stated that the IRS 1099K reporting threshold would revert to $20,000 and 200 transactions. However, the IRS delayed the $1099-K reporting threshold of $20,000 and 200 transactions for the tax year 2023, and then permanently set the threshold at $5,000. The threshold did not revert to $20,000 and 200 transactions.

Prediction Details

Topic
IRS 1099K Reporting Threshold

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