We have a partnership and the account only has one business owner on it.

We have a business that's a partnership and has a FEIN number, however only one owner is listed on the square account. How can we update it so that all partners are given a 1099. The bank account that is linked to the account is our partnership account. Help! Please

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Square Community Moderator

Hi there. 

 

Unfortunately Square does not have the ability to split 1099-K forms for the same Square account in one year.

 

Square provides account holders who process over $20,000 and over 200 credit card payments with a 1099-K.

 

The form can be downloaded from the Square Dashboard in the Tax section of the Account & Settings tab and provided to each business partner. 

 

If you don't meet the criteria for a 1099-K, you can download the sales summary report for the tax year from the Sales section of the Square Dashboard. 

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