A payment settlement entity (PSE) must file Form 1099-K - Payment Card and Third Party Network Transactions for payments

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answerhappygod
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A payment settlement entity (PSE) must file Form 1099-K - Payment Card and Third Party Network Transactions for payments

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A payment settlement entity (PSE) must file Form 1099-K -Payment Card and Third Party Network Transactions for payments madein settlement of reportable payment transactions for each calendaryear. In 2022, the reporting requirement of third-party networktransactions has changed from totals exceeding $20,000 to thoseexceeding what amount, regardless of the total number oftransactions?
A. $0 B. $500 C. $600 D. $1,000
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