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

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"?

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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. 🙂

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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?

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