Where to I get the document to report my total square income for my 2020 tax returns
The title of this thread has been edited from the original: Where to I get the W-9 document to report my total Square income for my 2020 tax returns?
On your square dashboard under account & settings ---> Business ---> Tax Forms it will list your 1099-K forms I think after the end of the year (January 2021) for 2020.
The form will report Payment Card and Third Party Network Transactions. If you need a form for yourself for your personal business you would need to check with your accountant/tax advisor/attorney and probably file a w-9 form for yourself to do your personal taxes (I don't give legal/tax advice :-)). Square only reports what was processed in credit card transactions. Everything else you would need to run a report and then file the proper forms etc.
Hope this helps, whoever does your taxes can give you more guidance but that is where the reporting forms are in your account.
I'm going to keep an eye on this post because I need to know the answer as well. Thanks for bringing it up!
On your square dashboard under account & settings ---> Business ---> Tax Forms it will list your 1099-K forms I think after the end of the year (January 2021) for 2020.
The form will report Payment Card and Third Party Network Transactions. If you need a form for yourself for your personal business you would need to check with your accountant/tax advisor/attorney and probably file a w-9 form for yourself to do your personal taxes (I don't give legal/tax advice :-)). Square only reports what was processed in credit card transactions. Everything else you would need to run a report and then file the proper forms etc.
Hope this helps, whoever does your taxes can give you more guidance but that is where the reporting forms are in your account.
Where on square can I retrieve this report
Hi there @Dmlp, and welcome to the Seller Community! 👋
It looks like @Donnie-M provided step-by-step instructions in their response here, but if you running into difficulties, you can also click this link to arrive on the Tax Forms page. Please keep in mind that not everyone will qualify for a 1099-K - read more here.
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