Government forms

Form 1099-K: Payment Card and Third Party Network Transactions

Payment card processors, payment apps and online marketplaces report the gross payments you received for goods and services on Form 1099-K.

Rev. December 2026

Source: Internal Revenue Service (IRS)

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Instructions for filling out Form 1099-K: Payment Card and Third Party Network Transactions

This template is used for official filing and documentation. Below are detailed instructions for completing, requirement details, and submission rules.

Who needs to fill out this document?

This form is designed for use by legal entities, individuals, or authorized representatives in the following cases:

Online sellers and marketplace merchants.
Freelancers paid through payment apps.
Businesses accepting credit and debit cards.

What you will need before starting

Before filling out the interactive form, prepare the following details and documents:

1. Filer and payee detailsPayment settlement entity and payee names, addresses and TINs.

2. Gross paymentsTotal gross amount of reportable transactions for the year.

3. Monthly breakdownGross amounts for each month (boxes 5a-5l).

4. Transaction countNumber of payment transactions.

Step-by-step filling process

Enter filer and payee: Payment processor and seller details.
Report gross amount: Box 1a: gross payments before fees, refunds or shipping.
Fill monthly amounts: Boxes 5a-5l break the total down by month.
Furnish and file: Payee copy by January 31; IRS copy by February 28 on paper or March 31 electronically.

Frequently Asked Questions (FAQ)

What is the reporting threshold?

Card payments have no minimum. For payment apps and marketplaces the threshold has changed several times; under 2025 legislation it is $20,000 and 200 transactions. Check the instructions for your tax year.

Is all of the 1099-K amount taxable?

No. It shows gross payments. Personal reimbursements or items sold at a loss aren't taxable income, but keep records.

I got a 1099-K by mistake. What do I do?

Contact the issuer for a corrected form, and keep records showing the payments weren't income.

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