What should I do if a payment for Form 1099-K is more than 12 digits?
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Last modified 1/24/2023 6:58:03 AM EST
94X 1099 W-2 ACA W-4
When you E-file Form 1099-K, and if payment amounts exceed 12 digits (e.g., 12,000,000,000.00), you can enter the remaining amount in a separate Form 1099-K for the same recipient. Make sure the payments in both forms are not the same to avoid duplicate discrepancies.
Note: This provision is applicable only for E-filing.