topic If I received a 1099-K from a payment processor does the amount on the form include revenue before they take out their fees, or after? If after, how do I account for that in Get your taxes done using TurboTax

If I received a 1099-K from a payment processor does the amount on the form include revenue before they take out their fees, or after? If after, how do I account for that

alliejuice — Tue, 10 Mar 2026 05:54:41 GMT

I pay 2.9% plus $.30 per transaction. The 1099-K they sent doesn't say if it is gross or net their fee. Also, they are effectively double reporting 1099-NEC forms I received from other businesses that pay by credit card. How do I put this in my taxes?

Re: If I received a 1099-K from a payment processor does the amount on the form include revenue before they take out their fees, or after? If after, how do I account for that

Critter-3 — Fri, 05 Aug 2022 22:18:51 GMT

Usually it is gross however it could also be net of fees so ASK THE ISSUER for the answer if your bookkeeping records don't make it obvious.