Question: How did the reporting requirement for Form 1099-K change beginning with tax year 2022 ? Increased settlement of third-party payment network transactions to gross payments

How did the reporting requirement for Form 1099-K change beginning with tax year 2022 ? Increased settlement of third-party payment network transactions to gross payments that exceed $20,000 AND more than 200 transactions Decreased settlement of third-party payment network transactions to gross payments that exceed $600 AND no minimum number of transactions Decreased settlement of third-party payment network transactions to gross payments that exceed $600 AND more than 200 transactions Changed settlement of third-party payment network transactions to the lesser of gross payments that exceed $600 OR more than 200 transactions

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