1099-K 2022

What's New for 2022

Now Multi-Year Form
Added: "Rev. January 2022" on top right and bottom left corners
Federal reporting threshold
- In late December 2022 the IRS released guidance that the implementation of the reduced $600 threshold for 1099-K reporting will be delayed until tax year 2023. As a result, the federal threshold for the 1099-K reporting for tax year 2022 will remain unchanged at $20,000 and 200 transactions.

Field Name	Size	Type	Description	Notes
See Form Filer Common Fields			Filer fields common to all form types.
See Recipient Common Fields			Recipient fields common to all form types.
2nd TIN Notice	1	Checkbox	2nd TIN Notice	X / Y / T / 1 = Checked
Payment Card Chkbox	1	Checkbox	Payment card	X / Y / T / 1 = Checked
3rd Party Chkbox	1	Checkbox	Third party network	X / Y / T / 1 = Checked
Box 1a Amount	12	Amount	Box 1a: Gross amount of payment card/third party...
Box 1b Amount	12	Amount	Box 1b: Card Not Present transactions
Box 2 MCC	4	Numeric	Box 2: Merchant category code	See IRS Instructions
Box 3 Number	13	Number	Box 3: Number of payment transactions
Box 4 Amount	12	Amount	Box 4: Federal income tax withheld
Box 5a Amount	12	Amount	Box 5a: January
Box 5b Amount	12	Amount	Box 5b: February
Box 5c Amount	12	Amount	Box 5c: March
Box 5d Amount	12	Amount	Box 5d: April
Box 5e Amount	12	Amount	Box 5e: May
Box 5f Amount	12	Amount	Box 5f: June
Box 5g Amount	12	Amount	Box 5g: July
Box 5h Amount	12	Amount	Box 5h: August
Box 5i Amount	12	Amount	Box 5i: September
Box 5j Amount	12	Amount	Box 5j: October
Box 5k Amount	12	Amount	Box 5k: November
Box 5l Amount	12	Amount	Box 5l: December
Box 6 State	2	Text	Box 6: State Name	Use state abbreviation
Box 7 ID Number	20	Text	Box 7: State Identification Number	Given by State Department of Revenue
Box 8 Amount	12	Amount	Box 8: State Income Tax Withheld
See Form Common Fields			Form fields common to all form types.

IRS 1099-K Form: 1099-K 2022 Form