1099 FAQ – 2026

What is the 1099-K reporting threshold for 2026?

Arkansas Residents
Threshold: $2,500

Distric of Columbia Residents
Threshold: $600

Illinois Residents

Threshold: $1,000 & 4 Transactions (1 Transaction = 1 Auction)

Maryland Residents
Threshold: $600

Massachusetts Residents
Threshold: $600

Missouri Residents
Threshold: $1,200

New Jersey Residents
Threshold: $1,000

Vermont Residents
Threshold: $600

Virginia Residents
Threshold: $600

Federal & All States Not Listed
Threshold: $20,000 & 200 Transactions (1 Transaction = 1 Auction)

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.