Menufy follows the guidelines set by the IRS, and 1099-K will be issued if gross sales amount (pre-paid orders) exceeds $20,000.
Effective for 2024 1099-K will be issued if the gross sales amount (pre-paid orders) exceeds $5,000 or 200 transactions completed.
For more information, please review the IRS’s website covering this at https://www.irs.gov/businesses/understanding-your-form-1099-k
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