If I make over 20K, noticed I'll have to get 1099 from IRS. Does that include cash payment?!

[blingblingbrick]

If I make over 20K, noticed I'll have to get 1099 from IRS. Does that include cash payment?!

[Kelly]

Nope! The 20K and 200 transaction minimums are applied only to credit card payments. If you're eligible for a 1099-K (your account has processed over $20,000 *and* over 200 credit card payments), your form will be available by January 31st. If you qualify to receive a 1099-K, you can download it from your Square Dashboard.

[ScoutTroop]

Can you confirm this.  The documentaion I have been able to find is not clear.     Thank you!

[Jack1]

do I get 1099 if I earn less than $ 20,000

[juanita]

Hi Jack,

If you are a contract laborer, you should receive a 1099 if you earned more than $600. If you are an employee, you should receive a W-2 not a 1099.

[Chad]

@Jack1 Check out Kelly's answer above!