Hey @NT!

Welcome to the Seller Community.

Square reports your annual gross card payment amount collected, including revenue from card payments that were refunded. Cash and Other Tender payments are not included in the total we report on the 1099-K form. 

Here's some additional helpful information:

Refund Reporting: Because of this requirement, the amount shown on this form will be different from the amount settled into your bank account. This is because you may have had refunds, chargebacks, or holds, and Square’s fees were deducted before funds were transferred to your bank.

Transaction Timing: The transaction date is the date in our system that the transaction took place, which is based on a standardized time known as UTC. Your online dashboard shows your transactions in your local time, so there may be small variances if you have transactions that occur between 5:00 pm and midnight in your local time zone.

1099-K Qualifications: For most states, we are required by law to provide a 1099-K to account holders who process over $20,000 in credit card sales and more than 200 credit card payments within the calendar year. However, if you live in Massachusetts or Vermont, we’re required to issue a 1099-K if you process $600 or more.

Let me know if there's anything else we can help you out with.