ilmscore | Prediction Details
"Platforms are still allowed to issue you a 1099K even though you don't meet that threshold. So what I'm basically saying is that they can still voluntarily send it to you."
By ClearValue Tax | November 5, 2025 | Correct
From video
IRS $600 Tax Rule for 2025 Changed (Venmo - Cash App - PayPal) 00:06:33 - 00:06:42
Interpreted Prediction
Payment platforms can still voluntarily issue 1099K forms even if individuals do not meet the reporting threshold.
AI Evaluation Notes
Payment platforms can still voluntarily issue 1099-K forms even if individuals do not meet the reporting threshold. The IRS allows payment settlement entities to issue a 1099-K form even if the recipient does not meet the minimum reporting requirements.

Prediction Details

Topic
Platform 1099K Issuance

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