Tax season is quickly approaching and we want to make sure you have what you need from Square. Take a look at the info below and let us know if you still have questions!
Square will provide a 1099-K form for you if you did more than $20,000 in gross sales from goods or services in the calendar year AND completed more than 200 transactions in the calendar year.
If you qualify, you'll see a link to download your 1099-K form on the Tax Forms tab of your Square Dashboard. Keep in mind that this form will be available after January 31st.
If you don't qualify for a 1099-K, you can still calculate your year-end sales report (including fee information) from the Sales Summary tab of your Square Dashboard.
If your tax form page on the Square Dashboard is loading slowly, try downloading your 1099 from this link.
Still have questions? Read more about Square tax reporting and form 1099-K or post here in the community - we'll be happy to help you out!
Reply created by merging with "How much can I sell before it gets reported to the IRS?" The author has been notified of this merge via email.
08-25-2016 09:40 AM
I do not qualify for a 1099-K since I fall below the amount & transactions. However, do I still claim my end of year sales since I need to see if I qualify for a tax credit for my dependants?