Hello @Faye,
Thank you for posting in the Seller Community. Welcome.
Generally, accounts meeting both of the following criteria qualify for a 1099-K and must be reported to the IRS by Square:
- More than $20,000 in gross sales from goods or services in the calendar year
- AND more than 200 transactions in the calendar year
Square may report, solely within its discretion, on amounts below these thresholds to meet state and other reporting requirements. For example, if your tax reporting information is associated with Massachusetts or Vermont, we are required to issue a Form 1099-K and report to your state when you process $600 or more in card payments.
If you qualify, you can download your 1099-K forms from the Tax Forms tab of your Square Dashboard.
Please let me know if you have any other questions by replying to this thread.
Alex_
Community Moderator, Square // Moderador de la Comunidad, Square
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