Fillable 1099-K (2026)
Summarize gross payment volume on a printable 2026 1099-K. For this tax year the federal threshold is back to more than $20,000 in payments and more than 200 transactions, restored by the One Big Beautiful Bill Act.
How it works
A 1099-K reports gross payments you received through a payment app, card processor, or online marketplace. Payment card transactions are reported with no dollar threshold, while third-party network payments need to clear the $20,000 and 200-transaction test. The platform files the form with the IRS and sends you a copy.
2026 threshold restored
The lower $600 and $2,500 thresholds planned under earlier law were repealed. For tax year 2025 and later, the federal 1099-K threshold is back to more than $20,000 in payments and more than 200 transactions. Some states still have lower thresholds, so you may receive a state 1099-K even without a federal one.
IRS field notes
Payment platforms and card processors issue the 1099-K for gross payment volume through their system. For 2026, the federal threshold for third-party settlement organizations is more than $20,000 in gross payments and more than 200 transactions, restored by the One Big Beautiful Bill Act.
Example
| Field | Example value |
|---|---|
| Payment settlement entity | PayPlatform Inc. |
| Recipient | Jane Q. Taxpayer |
| Box 1 — Gross payments | $18,000 |
| Box 3 — Number of transactions | 240 |
| Federal threshold test | $20,000 + 200 |
| Federal 1099-K required | No (under threshold) |
Important
TaxForge is not affiliated with, endorsed by, or approved by the IRS. This is a fillable template for your convenience — always compare it with the official IRS form before you file.
Frequently Asked Questions
Who sends a 1099-K?
Payment settlement entities and third-party networks — payment apps and card processors — that hit the reporting threshold.
Is the amount gross or net?
Gross. The 1099-K shows total payment volume before fees, refunds, or chargebacks.
Do I report it on my return?
Yes — the income behind those payments is reported on your tax return even though the form goes to the IRS too.
What is the 2026 threshold?
More than $20,000 in gross payments and more than 200 transactions for third-party networks. Card transactions have no threshold.
Do personal payments count?
No. Payments for personal reasons, like splitting rent or a dinner bill with friends, are not reported on a 1099-K.
What if I am under the threshold?
You may not receive a 1099-K, but you still report all business income on your return.