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Am I allowed to use square for garage/yard sales?

Am I allowed to use square for garage/yard sales?

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Admin

Re: Garage or Yard Sale?

Absolutely! You'll need to have a verified bank account linked in order to get the funds deposited to your account. The linking process takes a solid 5 business days, and we can't speed it up, so make sure that you set up your Square account at least a week ahead of time so there will be no deposit issues. The app will walk you through how to link your bank account, but here's a help article just in case: https://squareup.com/help/us/en/article/3896

 

Have fun! 😄

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Re: Garage or Yard Sale?

 

 

Thanks for sharing the info. I don't have a business, but would like to use square at the yearly yard neighborhood yardsale and when I sell a craft to friends and family. If I use square, does this need to be reported yearly for taxes? Super new newbie here..... 

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Square

Re: Garage or Yard Sale?

@Tabitha - While we can't speak to your individual tax obligations, you'd want to sync with your tax person for that sort of advice,  we only prepare 1099-K forms for the IRS for those sellers who process over $20,000 and over 200 credit card payments (cash excluded) per calendar year before January 31. Hope this helps!

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