thread Re: What if we use Square & another company under same TIN, combined totals meets the required in Archived Discussions (Read Only)

What if we use Square & another company under same TIN, combined totals meets the required

PCFoundation — Tue, 29 Jan 2019 17:07:27 GMT

What if we use Square and another company to collect sales under the same TIN, and the combined total meets the requirement of "More than $20,000 in gross sales, AND more than 200 transactions in the calendar year"?

Re: What if we use Square & another company under same TIN, combined totals meets the required

Chad — Thu, 31 Jan 2019 02:09:19 GMT

Hello @PCF!

We will file a 1099-K if you meet these requirements on your Square account. We don't take transactions from other companies into consideration. 🙂

Re: What if we use Square & another company under same TIN, combined totals meets the required

PCFoundation — Thu, 31 Jan 2019 16:59:33 GMT

Thanks. And, I understand that. My question is more along the lines of combined totals. Or, does the rule of =/>$20k and =/>200 transactions apply to EACH vendor we use.

Anyone else have this same situation?