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# Will I receive a 1099? Am I responsible for taxes?

Yes. If your earnings paid through PayPal or Venmo exceed **$20,000** **AND** involve more than **200 transactions in a calendar year**, we are required under current federal regulations to issue you a **Form 1099‑K**.

Some states set a lower 1099-K threshold than the federal one. Maryland — where The Ticket Collective is based — requires a 1099-K at just **$600 in earnings, with no transaction minimum**. If you're a Maryland resident, you may receive a 1099-K well before hitting the federal $20,000/200-transaction threshold. Other states with similar lower thresholds include Massachusetts, Vermont, and Virginia.

| *💡  We strongly recommend consulting a qualified tax professional regarding self-employment taxes and estimated quarterly payments.*