The Marketplace is required by law (The American Rescue Plan Act of 2021 (ARPA), P.L. 117-2) to issue a Form 1099-K to the IRS for all sellers who complete $5,000 or more in gross sales in a calendar year. Sellers will be required to submit the appropriate taxpayer information as part of the sale process. If the information is not appropriately entered, the Marketplace will contact the seller to input the appropriate taxpayer information into the account. The 1099-K will be filed in January of the following calendar year (for example all sales from 2024 will be reported in January 2025).