IRS Form 1099-K: Payment Card and Third Party Network Transactions
Form 1099-K reports payments you received through card processors and payment apps or online marketplaces. The company that processed the payments sends it to you and the IRS. Not every amount on it is taxable income, so compare it with your own records before you file or answer a notice.
What this form is for
It shows the gross amount of payment transactions for the year, before fees, refunds or costs. The IRS page explains how to handle amounts that were personal or reported in error.
When people usually use it
Sellers, drivers and people who take payments through apps receive it. It may also arrive for personal items sold, and it can show up in IRS income-matching letters.
What to have ready
- Every 1099-K you received
- Sales and refund records
- Receipts for fees and costs
Notices that mention it
- IRS Notice CP2000: Proposed changes to your tax return
- IRS Notice CP2501: Income information doesn't match
Related forms
- Schedule C: Profit or Loss from Business (Sole Proprietorship)
- Schedule 1: Additional Income and Adjustments to Income
- Form 1099-NEC: Nonemployee Compensation
- Form W-9: Request for Taxpayer Identification Number and Certification
Read the IRS page
IRS.gov page for Form 1099-K (opens in a new tab). The IRS page is the final word on this form.
Frequently asked questions
What is IRS Form 1099-K?
Form 1099-K reports payments you received through card processors and payment apps or online marketplaces. The company that processed the payments sends it to you and the IRS. Not every amount on it is taxable income, so compare it with your own records before you file or answer a notice.
Where do I get Form 1099-K?
Get it from IRS.gov. The IRS page for Form 1099-K, https://www.irs.gov/forms-pubs/about-form-1099-k, has the latest revision, the instructions and any recent changes.
Do I need to file Form 1099-K?
That depends on your own facts. The instructions on IRS.gov explain who uses Form 1099-K, and any IRS letter you got may say what it needs from you. This is not tax advice.
What should I have ready for Form 1099-K?
Gather: every 1099-k you received; sales and refund records; receipts for fees and costs. The instructions on IRS.gov list everything the form asks for.
If you have an IRS letter
The OweRight iPhone app reads your letter and explains what it says in plain English. Join early access and we will let you know when it is available.
OweRight is not the IRS and does not give tax or legal advice.