Are Instant Deposit fees included in the 1099k we receive from Square?

[ALM7]

[The title of this thread has been edited from the original: Instant deposit]

Can anyone tell me if my instant deposit fees are included on my 1099 at the end of the year? I’d like to claim them as a deduction as well. If they are included that’s great, I’m just finding a few discrepancies between what my bank reports as in come and what my Square statement is saying.. I’m thinking it could be the instant deposit fee? 
Thanks!!! 

[isabelle]

Hey @ALM7!

Thanks for posting in the Seller Community. 

I checked with a member of our Tax Team, and they confirmed that fees for instant deposits are also included in the 1099.

I hope this answers your question! Let me know if you have any follow-up questions about this.