An inspector will receive a 1099-K form if they exceed the limits as defined by the IRS. For 2022 and prior, those guidelines are:
$20,000 in credit card transactions AND
200 credit card transactions
Reference this IRS guide for more details.
For 2023 tax season and after, the guidelines are:
$600 credit card transactions
Any number of transactions
If you have any questions, or you need an electronic copy of your 1099-K sent to you, please reach out to the chat bubble or support@spectora.com.