Affiliate Disclosure: As an Amazon Associate I earn from qualifying purchases. Additionally, I may get commissions for purchases made through other affiliate links in this post.
Every year, as small business owners are preparing their taxes, I get the same question: When will I receive my 1099 from Etsy (or other online marketplace)? Answer: 1099’s are required to be mailed by January 31st. If you have not yet received it well past this date, you may have not met the qualifications.
What is a 1099-K?
Similar to a 1099-MISC, a 1099-K reports gross sales from a payment processor. The figure shown on your 1099-K is your gross sales which include shipping, refunds, card processing fees, sales tax, and even canceled orders.
Who Will Receive a 1099-K?
In order to receive a 1099-K from Etsy, Amazon, Paypal, or Stripe, you must have had at least 200 direct checkouts AND $20,000 in transactions. If you do not meet both requirements, you will not receive a 1099-K.