Which threshold is Shopify following for issue 1099’s? Is it the new 600 dollar one? Or the the old 20,000?
Didn’t clear 20k but over 600 am I waiting on a 1099 for no reason?
Hi @Pinkcanoebaits ,
Thank you for reaching out to the Community. I’m happy to provide some information regarding taxes, to ensure this gets resolved.
To qualify for this form, shops are required to meet the federal threshold. This includes receiving more than 20,000 USD in gross payments and having more than 200 transactions on Shopify Payments. To learn more about this criteria, you can check out our 1099-K Forms document as it touches on this further.
As for receiving one, 1099-K forms are expected to be sent out to merchants that qualify towards the end of February. While there is no specific release date, the Account Owner can keep an eye out for our email.
Emails will be sent to the Account Owners email address, and only the Account Owner can find the form within the Shopify admin. If you don’t receive an email by the beginning of March and believe you qualify for the form, please feel free to Connect with us directly. This will allow our support team to take a closer look, as we wouldn’t have access to any account specific information through the Community.
Please let me know if you have any other questions or concerns.