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so i get a lot of questions about form 1089k mostly around you know what do i do when i receive it what kind of triggers reporting requirements and ultimately what these numbers mean and how they get reported on the tax return so i want to go over the form itself and um as a sample return just to see how everything is kind of transferred over so form 1099 k a lot of this is pretty straightforward right its a payment card and third party network transaction report so if youre running a business and you have an account with you know paypal this is paypal for example or stripe or one of these other payment processing entities so you run use them to run your customer receipts or deposits through for payments for your services or products you might get one of these so what are the reporting thresholds its generally its twenty thousand dollars or um no sorry its twenty thousand 000 and 200 or more transactions so if youre running an e-commerce store and you do a hundred thousand in sal