1099K Document
I started selling in October of 2023 onwards but I can not find my tax document that is my 1099K.
I go to tax library and there is nothing it only ask me to generate a report but does not show me a 1099k for the year 2023.
Who can I contact for this document and how important is it for me to use while filing my taxes ? Can anyone please help?
1099K Document
I started selling in October of 2023 onwards but I can not find my tax document that is my 1099K.
I go to tax library and there is nothing it only ask me to generate a report but does not show me a 1099k for the year 2023.
Who can I contact for this document and how important is it for me to use while filing my taxes ? Can anyone please help?
2 replies
Seller_nRFmxiQg4EGrw
Did you have over $20K in sales, and over 200 transactions? If so, Amazon is required by law to issue a 1099K; but if you are below these thresholds, then federal law does not require them to issue the form; there are a few states with lower thresholds, but unless you live in one of those, Amazon will not issue the 1099K for under the federal requirements.
Seller_xo4Akj7FBBnfC
If your sales don't yet meet the threshold to receive a 1099-K, HERE is a post that tells you how to pull data from your 12-month Summary Report so that you can report income and expenses to the IRS that match what would have been in your 1099-K.
