The 1099-K is a compulsory tax report used to report the Gross Volume of transactions processed through an entity. When using a 1099-K for information reporting, a copy must be delivered to the payment recipient and filed with the IRS.
Note! The 1099-K Form is available for any users who successfully registered their entity on Stripe and met the filing threshold requirements set on the federal and/or state level. The 1099-K tax form is NOT an income-based report and will not be used to show your earnings. It is simply meant to report how much money was processed on our site.
Recipients of a 1099-K are mostly merchants who have received payment using a third-party payment network like our system. Whether the recipient receives a 1099-K or not, we are still required to do the tax filings. For the 2025 tax year, the 1099-K filing threshold is 20,000 USD AND 200 transactions.
If the gross amount of total reportable payments exceeds $20,000 and the total number of such transactions exceeds 200 in a calendar year, and they're based in the US or are a US taxpayer, payees should expect to receive a 1099-K.
Your 1099 tax form should be located in the Online Payment Settings, under the Tax forms tab by January 31. You can view and download your 1099-K tax form once you’ve confirmed the tax information, consented to e-delivery, and our platform has filed the form.
1099-NEC/MISC Form
The 1099-NEC form can be generated for Service Pros, and the 1099-MISC form can be generated for Owners in our system. The IRS requires that users send one of these 1099 forms to each contractor/vendor and property owner during the tax year.
It is the Property Manager / Landlord’s responsibility to generate and file this type of 1099 tax form. We are not responsible for filing this type of 1099 form and will not be held liable for misreporting.
In our system, you can easily fill and generate the 1099-NEC/MISC tax form electronically. To find the form, go to the Reports section from the left-side menu and press the View button on the 1099 Tax Form card.
Note! 1099-NEC/MISC Tax Form is available for US citizens only.
Note! We do NOT mail or send electronically 1099-NEC/MISC Tax Forms to the IRS. For convenience, the forms are saved as PDF files and can be printed for mailing.
You will need to print off the red portion of the 1099 and mail it all to the IRS.
1099-K vs. 1099 NEC / MISC:
1099K | 1099 NEC / MISC |
Filed by us | Filed by the Property Manager / Landlord |
Reports Gross Volume Processed on Stripe | Reports Reportable Income for the Owner / ServicePro |
One report per Legal Entity | One report per Owner / Service Pro |
Only Available if Federal/State Threshold is Met | Available through our Reports at any time |
We will file and can make corrections under certain circumstances | We do not file or make corrections |
For additional information, please go to:
1099-NEC/MISC Tax Form