Question: A payment settlement entity (PSE) must file Form 1099-K - Payment Card and Third Party Network Transactions for payments made in settlement of reportable payment

A payment settlement entity (PSE) must file Form 1099-K - Payment Card and Third Party Network Transactions for payments made in settlement of reportable payment transactions for each calendar year. In 2022, the reporting requirement of third-party network transactions has changed from totals exceeding $20,000 to those exceeding what amount, regardless of the total number of transactions?

A. $0 B. $500 C. $600 D. $1,000

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