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where to find 1099-K

we have a credit card machine for our business. I called my bank and merchant services about my 1099-K. They have no record of my account. Usually we have our bank account linked for all direct deposit. . If I don't have 1099-K, can I use my deposits as Gross income. In a way, even if we have 1099K, all the income would have been direct deposited into that account? We have business account and all transactions are related to business. 

 

Its weird that I have hard copy of 1099-K from 2021, the bank or merchant services has no record of it for 2021 in their system.  Will the IRS has reported income that I can see, maybe in transcript? it is an LLC, single owner. 

 

 

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1 Reply
DawnC
Expert Alumni

where to find 1099-K

Yes, use your own records to report your income.   You do not need a 1099-K.   You can deduct the merchant fees as a business expense.   There will not be a transcript available until after you file your tax return.  

 

How to report your self-employment income 

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