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My business made over the 50,000 in gross income and more than 200 transactions but did not qualify for the 1099-k form. Whats next?
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1 REPLY 1
Hey there, @ashleyM -
You will need to speak to a Tax Professional on how to report for your business. Other sellers I have spoken with usually print a Sales Report for that information since they didn't get a form.
A 1099-K Form wasn't created for you because it requires over $20,000 in credit card payments and over 200 credit card transactions.
Kassi
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