Form 1099-K is an IRS information return that reports the gross amount of all reportable payment transactions. The gross amount reported is a calculation of the total of all payment card charges* processed through Stripe for the year, including:

These additional fees, refunds, and adjustments are not deducted from the total charges when calculating the gross volume and reporting to the IRS. The dollar amount of each transaction is determined on the date of the transaction.

*Please note, this only includes credit card transactions and is not applicable to cash or debit ACH sales. Stripe calculates the gross amount reported on the 1099-K based on the data in processed by Stripe.

IRS Articles: Understanding Your Form 1099-K

Breakdown of transactions applied to 1099-K

Additional information to reconcile your 1099-K Form

The information in your Stripe Merchant account such as the legal name, TIN and address must be up-to-date and agree to the IRS records.