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If I have $23,000 in sale made up of $10,000 cash and $13,000 credit & debit card sales with over 200 credit card transactions will I qualify for a 1099-k form?
The video on page https://squareup.com/help/us/en/article/6115 states that it is only credit / deb card sales, where as the copy below states all sales.
Thank you for the help!
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Accounting and Finance
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1 REPLY 1
Hey @kmmcm!
Good question.
For most US states, we’ll issue a Form 1099-K if you processed over $20,000 in credit card payments and more than 200 transactions. This does not include cash.
If you qualify to receive a 1099-K, you can download it from your Square Dashboard here.
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