This should not apply if you get money from someone as a gift, reimbursement, or repayment of other personal expenses. That money is not taxable. When possible, note these transactions as personal on apps and websites. Remember that all income, no matter the amount, is taxable unless the tax law says otherwise – even if you don’t get a Form 1099-K.
Good recordkeeping throughout the year will help you when it comes time to file your tax return.
For more information – including what to do if you get a Form 1099-K in error or the information on your form is incorrect – visit IRS.gov/1099K.