1099-K Tax Reporting Details

Tax Reporting - 1099s

Correctly filing taxes based on business income made through Castiron is the responsibility of each artisan. 

In late January, you will receive a 1099-K document from Stripe, our payment processor, if your business has crossed federal or state revenue thresholds.

You should expect to receive a 1099-K if:

• You’re based in the US or are a US taxpayer
• And you had $5,000 or more in total gross volume in the previous calendar year

Prior to calendar year 2024, the 1099-K threshold was $20,000 USD in total gross volume and 200 transactions.

You can access your Stripe account and 1099 (if you qualify) yourself by logging in with your shop login email address here: https://connect.stripe.com/express_login 

Please make sure your contact information is accurate by reviewing the Payout and professional details at the bottom of this page.

Due to IRS regulations, Castiron and other platforms must report the gross amount of transactions, including all fees whether paid for by you or your end customer. Castiron will provide you with a separate report breaking down your sales figures. This breakdown will include the revenue you received directly, the associated Stripe Fees, and Castiron fees broken down. 

Please consult a tax professional on how to treat your Castiron earnings and associated fees.

You can find more details directly from the IRS at this link: https://www.irs.gov/businesses/understanding-your-form-1099-k

And more from Stripe Here

This video will walk you through how to download your Castiron reports for tax prep as well as access your Stripe 1099 form (if applicable):

Here is the Castiron Tax Download Formatting Helper: https://docs.google.com/spreadsheets/d/1Hw96lCeRKaqhOGHQjc5ZnorRXDmwTVN7db0I2yg7Hnw/edit?gid=0#gid=0