Form 1099-K
The form a payment processor files reporting card and platform payments you received. Stripe handles it for payments through the app.
In Solo Superstars
Nothing to do in the app. Because processors report card payments, the app excludes card-paid amounts from your own 1099-NEC totals to avoid double reporting.
Example
Stripe issues your 1099-K for the year’s card volume; your 1099-NEC to a contractor covers only what you paid by check or transfer.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- 1099-K
Related
- Form 1099-NEC — The form you file for each US contractor you paid $600 or more by cash, check or bank transfer during the calendar year. Card payments are excluded.
- Processor payout — A deposit from Stripe, Square or PayPal that bundles several customer payments minus fees. Matching it empties the clearing account.
- Payment link — The hosted page a customer opens from an invoice email to pay by card. Powered by your connected Stripe account.