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"?
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. 🙂
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?
Square Community