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How do I receive my 1099-K form? (For Stripe Connected Accounts)
1099-K form distribution from Stripe
1099-K Stripe
1) 1099-K will be sent out from Stripe to report payment transactions. The account must meet all of the following criteria in the previous calendar year:
- Based in the US or a US taxpayer
- More than $20,000 in gross volume
- More than 200 transactions
- If accounts do not meet this criteria, 1099-K forms are not needed
2) What is a 1099-K form:
This form is sent for the reporting of transactions that Stripe have processed on behalf of a MyStudio merchant (studio operator).
What is in the report?
Payment transactions made in settlement of:
Credit card, debit card, and other payment card transactions