1099-K forms issued by Stripe

What is the 1099-K Form?

Every year, the United States IRS requires that Stripe provide a form called a 1099-K for each Stripe account that meets all of the following criteria in the previous calendar year:

The 1099-K is a purely informational form that summarizes the sales activity of your account and is designed to assist you in reporting your taxes. It is provided to you and the IRS, as well as some US states.

For more help understanding your 1099-K, go to IRS.gov. You can also download a blank example of the 1099-K form here.


Information Included On A 1099-K

Label Box number Description
Filer’s name, address, and telephone number Contact information for Stripe
Payee’s name, address, and telephone number This is the contact information for your business or organization as it was provided to Stripe.

If you’d like to update your address, please do so before January 21st from your account settings.
PSE’S name and telephone number Contact information for Stripe
Account number Your Stripe account number
Filer’s federal identification number Stripe’s identification with the US government
Payee’s taxpayer identification number This is either your Employer Identification Number (EIN) or Social Security Number (SSN) as it was provided to Stripe. For your protection, the form that we send to you may show only the last four digits. However, the copies that are sent to the IRS and state tax boards includes your complete identification number.

If your information needs to be updated, we probably already reached out to you to verify your information; however, you can also email us if you’d like to make a change.
Gross amount of payment card/third party network transactions 1a The total gross volume of charges that you’ve made with Stripe in the calendar year
Card Not Present transactions 1b The total gross volume of charges that were made without the card present at the time of the transaction.
Merchant category code 2 The merchant category code for your business or organization
Number of payment transactions 3 The number of charges that you’ve made with Stripe in the calendar year
Federal income tax withheld 4 Backup withholding from your Stripe payments.
5a-5l The total gross volume of charges that you’ve made with Stripe for each month of the calendar year
State 6 The state in which your income tax has been withheld
State identification number 7 Your identification number that is used for your state income tax withholding
State income tax withheld 8 State and local income tax withheld from the payments

States with lower threshold requirements

Massachusetts, Mississippi, and Vermont require 1099-Ks to be filed for each unique tax identification number with at least $600 USD in gross volume.

Missouri requires 1099-Ks to be filed for each unique tax identification number with at least $1,200 USD in gross volume.


Received a 1099-K as a Connect Platform

1099-Ks from Stripe to Connect Custom and Express platforms will also include all transactions processed through their connected accounts.

If you are a Connect platform looking for information on how 1099s should be issued to managed accounts, see: Payable 1099 Tax Integration for Connect Platforms with Express and Custom Accounts.


When 1099-K Forms are Issued

If your business qualifies for a 1099-K, your 1099-K for the previous calendar year will be available to download from the Documents section of the Dashboard prior to January 31. We will also notify the account admins via email when the form is available.


Export a copy of your 1099-K Form

You can export your 1099-K forms from the Documents section of the Dashboard.

From there, you will have the option to download any available 1099-K PDF that we have prepared for you.

If you no longer have access to your Stripe account, Stripe will mail the 1099-K using the latest address information that you’ve provided by no later than January 24.


“Total Gross Volume” on 1099-K Form

“Total gross volume” is a calculation of the total of all charges you processed through Stripe for the year, including:

These additional fees, refunds, and adjustments are not deducted from your total charges when calculating your gross volume and reporting to the IRS.


Breakdown of Transactions Applied to 1099-K

To see charges included on your 1099-K:

  1. Log into your Stripe account.

  2. Navigate to your Dashboard Payments: All transactions page. This link filters ‘Charges’ that were ‘Available On’ 2019. For other years make sure to update the ‘Date’ and ‘Transfer date’ filters.

  3. In the upper-right corner of your screen, select Export.

  4. After the download has finished, open the resulting .csv file in your spreadsheet viewer of choice (such as Microsoft Excel, Google Docs, or Apple Numbers).

  5. Exclude any transactions that were not ‘Available On’ during the year you are trying to reconcile. Check the Available On column to identify these transactions.

This filtered list will provide a complete summary of all transactions that contributed towards the totals displayed in your 1099-K form. Check the ‘Amount’ column for these totals.

Additional information to reconcile your 1099-K Form


Deducting Stripe Fees, Refunds, and Adjustments

If your accountant needs to calculate your potential deductions for Stripe fees, refunds, and adjustments, this can be accessed through your Dashboard:

To calculate any disputes lost during the fiscal year, see your payments disputes page.


Exporting Data If You Did Not Receive a 1099-K

If you were not eligible for a 1099-K, you can still export the same information from your Dashboard using the steps above.


If you processed $20K and 200 transactions or less and still received a 1099-K Form

Stripe provides a 1099-K form for each unique tax identification number (TIN), such as a Social Security Number (SSN) or Employer Identification Number (EIN), that meets the IRS processing threshold. If you received a 1099-K and didn't expect to, it might be because:

  1. You have two or more accounts with the same TIN; one meets the IRS threshold and one does not. Each will receive a 1099-K.

  2. You have two or more accounts with the same TIN; neither are over the IRS threshold individually but, when combined, the threshold is met. Each will receive a 1099-K.

  3. Your business is based in Massachusetts, Mississippi, Missouri, or Vermont. We recommend going over the steps outlined in the states with lower threshold requirements section toward the beginning of this article.

If you received a 1099-K and still do not believe you should have, we recommend going over the steps outlined in the above "Breakdown of transactions applied to a 1099-K form" section of this article.


Tax details included on your 1099-K Form are not valid

If your 1099-K includes incorrect tax details, you can update these details from the Documents section of the Dashboard.

Contact Stripe Support if you need to split the volume of your already generated 1099-K form.

For guidelines by business type, we recommend going over the tax ID verification guidelines support article.


Additional Information for Non Profits

Stripe obligations are to issue 1099-K forms to all eligible US-based users who accept payments, independent of their business type. Even for tax-exempt entities, the 1099-K is for informational purposes only. We recommend consulting a tax advisor to learn more about this form and how you should use it.


Useful Links for Sole Proprietors

Payable, now part of Stripe, also has information regarding what to consider when receiving your 1099-K if you are a sole prop. We recommend talking with your tax advisors when preparing your tax forms, but here are some links that you might find useful: