OfferUp partners with Stripe, a secure payment processing service, to allow you to get paid for shipping sales in the app. During the calendar year, Stripe keeps track of your earnings. If you receive more than $20,000 USD in payments from over 200 transactions during the year, Stripe must report your earnings to the Internal Revenue Service (IRS). Stripe must also provide you with Form 1099-K for your income tax return. To learn more, see our FAQs below.
Jump to an FAQ:
- What is Form 1099-K?
- Who will get Form 1099-K?
- How will I get Form 1099-K?
- What address will Form 1099-K be mailed to?
- Can I have Form 1099-K emailed to me?
- Will my cash sales be reported on Form 1099-K?
- What do I do with Form 1099-K?
- What if there are mistakes on my Form 1099-K?
- I lost my Form 1099-K. How can I get a new one?
What is Form 1099-K?
Form 1099-K is an informational IRS form used to report your payment transactions made through third-party payment processors (like Stripe), and to assist you in reporting your taxes. For more information on Form 1099-K, see IRS.gov: Understanding your Form 1099-K and 1099-K forms issued by Stripe.
Who will get Form 1099-K?
If you received payments through Stripe totaling more than $20,000 USD and had over 200 transactions during the calendar year, you can expect to get Form 1099-K.
How will I get Form 1099-K?
Your Form 1099-K will be mailed to you by January 31 via USPS First-Class Mail. If you don’t receive your 1099-K in the mail by the end of February, tap Contact Us at the bottom of this page for assistance.
What address will Form 1099-K be mailed to?
If you qualify to receive Form 1099-K, it will be mailed to the most recent address that you provided to Stripe through the OfferUp taxpayer notification.
Throughout the year, OfferUp sends you a taxpayer notification at specific times, like when you reach $600 USD in lifetime shipping sales. This notification asks you to provide Stripe with your taxpayer information, including your current address and Social Security Number. For more info, see Personal data required for in-app payments.
If you need to update your address at the end of the calendar year, but haven’t received an OfferUp notification to do so, please contact Stripe Support for assistance.
Can I have Form 1099-K emailed to me?
No. At this time, we are unable to provide Form 1099-K by email.
Will my cash sales be documented on Form 1099-K?
No. In-person cash sales facilitated by OfferUp are not tracked for Form 1099-K reporting purposes. Stripe only tracks sales completed through OfferUp’s shipping service.
For questions on reporting your cash sales, please contact a qualified tax advisor.
What do I do with Form 1099-K?
If you met the $20,000 USD revenue threshold and had over 200 transactions during the calendar year, you may need to report your income from OfferUp sales on your tax return. If so, use the information provided on Form 1099-K to help you complete your tax return. To learn more, see IRS.gov: What to do with Form 1099-K.
What if there are mistakes on my Form 1099-K?
Please contact Stripe Support to correct any mistakes on your Form 1099-K.
I lost my Form 1099-K. How do I get a new one?
Please contact Stripe Support to request a replacement Form 1099-K.