I’m about to do my taxes this weekend and I can’t find where to print my 2023 1099-K. Thank you

Trevor this is unacceptable. We have accountants to schedule to do our taxes and we need all of February and March to do taxes. Filing an extension because of Shopify being late doesn’t work. You’re looking at a class-action lawsuit if this can’t be fixed ASAP.

Trevor, what number can I use to do my taxes before I get my 1099? I looked on reports but my total sales did not match the transactions report that I exported. If I use the transactions report and total that up, will that be an accurate representation of what will be shown on my 1099?

This is unacceptable, is shopify paying us all late fee for filing late? why do I need to go through the hassle to file an extension because shopify is not ready? and when was shopify planning on letting the merchants know about this situation? I have yet to receive any communication about this and …

@whatwhat @mychelley201 @Kaliada @JAHlove If you would like to replicate the exact calculation of the 1099-K, to confirm the amounts which would have been reported if you qualified, these are the steps you would follow: Log into your Shopify admin Go to Finances → Payouts → Transactions. T…

Where do Shop Pay Installments (SPI) transactions get reported, if not on a 1099-K?

@ivmarg Great question. Split Pay ‘Shop Pay Instalment’ (SPI) transactions. “Split Pay” transactions processed via Shop Pay Instalments (SPI) will be included in the 1099-K form that we issue. The gross transaction figures being reported from SPI refer to the full order amount, whether it’s been p…

By default, you are provided an extension on the form when we’re approved for the extension we requested. You do not need to wait to file your taxes as you do not need to have this form to file your taxes. You can use the above mentionted steps to get the data you need to complete your taxes for the…

Yup, I understand. I guess my question should have been: how are the interest bearing payments reported? 1099-INT?

Sorry, I misunderstood your question. I checked in with the Tax team on this; Shopify’s responsibility has been covered in terms of our products (Shopify Payments and Shop Pay Instalments). As interest bearing transactions are handled by a third-party, these are not considered a Shopify product. Ou…

Where can I find my 2023 1099-K for tax preparation?

Accounting & Taxes

cdoremus99 February 7, 2024, 12:04am 11

Guys this is un-f*cking acceptable. Every single other vendor I utilize has this given on time and now I have to wait to file my taxes for 2023 just because of Shopify’s inability to provide a standardized tax form? Unreal smfh.

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Where can I find my 2023 1099-K for tax preparation?

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