2 weeks ago - last edited Wednesday
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, keep in mind that you can still calculate your year-end sales report (including fee information) from the Sales Summary tab of your Square Dashboard.
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!
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?