x

1099-K Qualification

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! 

723 Views
Message 1 of 2
Report
1 REPLY 1
Admin

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.

668 Views
Message 2 of 2
Report