If you process payments through Check Cherry Payments and meet the federal reporting thresholds, you will receive a 1099-K tax form from our payment processor.
For 2025, the federal reporting thresholds are at least $20,000 in gross sales and at least 200 transactions. Some states have lower thresholds that may trigger a 1099-K even if you don't meet the federal requirements.
Checking Your Payment Totals
To see if you're approaching the threshold, check your payment history for the tax year.
Reporting → Payment History
Go to Payment History.
Set the date range to cover the full tax year (January 1 - December 31).
Check the totals at the bottom: Payment Applied shows your gross sales amount, and Matching Payments shows your transaction count.
Getting Your 1099-K
If you meet the reporting thresholds, your 1099-K will be available by January 31 for the previous tax year. You can download it from the Documents tab in your Payments Dashboard.
Keep your own payment records throughout the year. The 1099-K shows gross payments received, but you'll need to track expenses, refunds, and other deductions for accurate tax reporting.