x
Your opinion in 1 minute.
Help us improve by answering 4 quick questions.
Take Survey Now
3.139.233.43
3.139.233.43
Start Thread
Can't find what you're searching for? Start Thread
Ashleyadams
‎01-06-2018 05:20 AM

When is the yearly tax info available on my dashboard?! Immediately or anytime before Jan. 31st?

I was just wondering when I would get a yearly summery of my total makings and total fees I paid to claim off my taxes?!  I know if said if I made 20,000 or 200 transaction but does that mean if I didn’t I don’t have or need to claim it off my taxes?! Thanks 

Reply
0 Likes
506 Views
Message 1 of 2
Report
1 REPLY 1
VanKalkerFarms
Super Seller
‎01-12-2018 08:48 AM

if you qualify for a 1099k by having

  1. More than $20,000 in gross credit card sales from goods or services in the calendar year (cash is not counted for this form)
  2. AND more than 200 transactions in the calendar year

it will appear here on your dashboard https://squareup.com/dashboard/business/taxes on or before jan 31

 

you will need to report the income regardless of a 1099 being triggered.  definitely consult your tax professional on how to report it correctly.

Bob Van Kalker
My Van Kalker Farms Garden Center website
My Rise'n Roll Bakery Schererville Indiana Facebook Page
My Rise'n Roll Bakery Cedar Lake Facebook Page
Reply
489 Views
Message 2 of 2
Report
Anonymous
© 2022 Square, Inc.