Question: What is the reporting threshold for Form 1 0 9 9 - K for Tax Year 2 0 2 4 ? Payments exceeding $ 2

What is the reporting threshold for Form 1099-K for Tax Year 2024?
Payments exceeding $20,000 and more than 200 transactions.
Payments exceeding $5,000, regardless of the number of transactions.
Payments exceeding $2,500, regardless of the number of transactions.
Payments exceeding $600, regardless of the number of transactions.
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