For the 2025 calendar year, 1099-Ks were emailed to merchants at the end of January 2026.
1099-K totals are calculated as the gross amount of payments processed during the calendar year.
That means the form includes the full transaction amount before any deductions — including fees, refunds, sales tax, shipping, and tips. None of those items are subtracted on the 1099-K.
Timing matters:
The totals are based on the transaction date, not when the money was deposited into the bank account. So payments processed on December 31 will count in that year’s 1099-K even if the deposit hits in January. Likewise, deposits received in January may relate to December activity already included on the prior year’s form. Additionally, our reporting for 1099s is in UTC, so this can be hours off compared to local time.
Because of these two factors (gross reporting and transaction-date timing), the 1099-K often will not match:
That means the form includes the full transaction amount before any deductions — including fees, refunds, sales tax, shipping, and tips. None of those items are subtracted on the 1099-K.
Timing matters:
The totals are based on the transaction date, not when the money was deposited into the bank account. So payments processed on December 31 will count in that year’s 1099-K even if the deposit hits in January. Likewise, deposits received in January may relate to December activity already included on the prior year’s form. Additionally, our reporting for 1099s is in UTC, so this can be hours off compared to local time.
Because of these two factors (gross reporting and transaction-date timing), the 1099-K often will not match:
- Bank deposits
- Net payout reports
- Internal bookkeeping totals
It’s meant to report total processed payments, not net income. If your merchants have any questions on how to report earnings or file, please have them consult with their tax advisor or accountant.