thread 1099-K Qualification in Archived Discussions (Read Only)

1099-K Qualification

kmmcm — Sat, 19 Oct 2019 05:24:54 GMT

If I have $23,000 in sale made up of $10,000 cash and $13,000 credit & debit card sales with over 200 credit card transactions will I qualify for a 1099-k form?

The video on page https://squareup.com/help/us/en/article/6115 states that it is only credit / deb card sales, where as the copy below states all sales.

Thank you for the help!

Re: 1099-K Qualification

isabelle — Sun, 20 Oct 2019 19:28:28 GMT

Hey @kmmcm!

Good question.

For most US states, we’ll issue a Form 1099-K if you processed over $20,000 in credit card payments and more than 200 transactions. This does not include cash.

If you qualify to receive a 1099-K, you can download it from your Square Dashboard here.