Skip to content
English
Go to unicornauctions.com
  • There are no suggestions because the search field is empty.

1099 FAQ – 2025 Updates

What is the 1099-K reporting threshold for 2025?

Arkansas Residents
Threshold: $2,500

Maryland Residents
Threshold: $600

Massachusetts Residents
Threshold: $600

Mississippi Residents
Threshold: $5,000

Montana Residents
Threshold: $600

New Jersey Residents
Threshold: $1,000

Rhode Island Residents
Threshold: $100

Vermont Residents
Threshold: $600

Virginia Residents
Threshold: $600

Illinois Residents

For the 2025 calendar year, if you are an Illinois residents, Unicorn Auctions will issue 1099-K forms to anyone who meets the following criteria:

  • 4 Transactions (1 Transaction = 1 Auction)
  • $1,000 in total sales during calendar year of 2025

How will I receive my 1099-K Form?
You will receive your 1099-K Form via email and a letter in the mail in early 2026.

How does Unicorn Auctions protect my personal data?
We collect tax information through a secure DocuSign form using AES 256-bit encryption—one of the most secure standards available. Once submitted, your data is uploaded directly into our IRS filing system. After submission, your personal data is purged from our system to eliminate any potential risk.

I'm an international seller without a U.S. Tax ID. What should I do?
We're working with our tax advisors and will follow up with a plan tailored to international sellers.

I've already filled out this DocuSign form. Why am I getting this email?
Please reply to that message, we’ll double-check our records to confirm your submission.

I already provided my Tax ID when I signed my consignment agreement. Why do I need to fill out this form again?
Per guidance from our tax advisors, we’re collecting up-to-date information from all sellers in 2025 to ensure accuracy and reduce any risk of filing errors.