Providers: How Do I Calculate My Taxable Earnings?

When you create your Stripe account, you will indicate how you wish to receive your 1099-K, if applicable. You have the option to receive it electronically or paper mail. The IRS has announced the threshold is $20,000 AND 200 transactions. You can read more about the 1099-K form here. Please note, Stripe tells us who qualifies and who does not for a 1099-K form. 

If you do not receive a 1099-K, you are still required to report your earnings.

To view your earnings:

• Step 1: Click on the ‘Payment Tools’ tab
• Step 2: Click on ‘Stripe Dashboard’
• Step 4: Log into Stripe and into your ‘Payouts’ section to add up your earnings. 
  • You can also pull a transaction report for the year in your ‘Reports’ tab.