What about the proposal to raise the threshold to $10,000?

There is currently a proposal in place to adjust the requirements for reporting a 1099-K from $600 to $10,000. However, this is just a proposal and is not set in stone, while the $600 threshold is outlined in current law. If the proposal is approved and becomes law, Apartments.com will update our requirements. Until then, we are operating under the current tax plan set by the IRS for the 2022 tax season.

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