If your total gross shipping sales on OfferUp exceeded the federal or state reporting threshold in the previous calendar year, you may receive a Form 1099-K. This form provides a summary of your transactions and can help you report your income for tax purposes.
FAQs
Form 1099-K is an IRS informational form that summarizes gross payment transactions processed through online marketplaces or third-party services. It helps you report your income for tax purposes. For more details, see IRS.gov: Understanding your Form 1099-K.
You will receive a Form 1099-K if your total gross shipping sales exceeded $5,000 in the previous calendar year. Additionally, some states have lower reporting thresholds, so you may receive a Form 1099-K even if your total gross sales are less than $5,000.
Note
On November 26, 2024, the IRS lowered the minimum reporting threshold to $5,000 for tax year 2024. See the full IRS Announcement.
Your Form 1099-K should be mailed to you by January 31 via USPS First-Class Mail. If you haven’t received your form in the mail by the end of February, please open a Chat or select Contact Us to submit a help request.
Form 1099-K will be mailed to the most recent address you provided through the OfferUp taxpayer notification. We periodically send these notifications throughout the year to collect your Social Security Number and current address.
No. OfferUp does not currently provide Form 1099-K by email. It is only available by mail.
No. Only shipping sales processed through Stripe are included in Form 1099-K. In-person sales facilitated by OfferUp are not reported on Form 1099-K.
For guidance on reporting cash sales, please consult a qualified tax advisor.
Form 1099-K shows the gross amount and number of transactions from your OfferUp shipping sales for the year. Use this form, along with your other records, to determine your taxable income. To learn more, see IRS.gov: What to do with Form 1099-K.
The gross amount on Form 1099-K includes all buyer payments made to you before any adjustments.
It does not reflect:
- Refunds
- Discounts
- Fees
- Shipping costs
- Other deductions
Additionally, the gross amount is reported based on when funds were processed by Stripe, not necessarily when you received them.
Even if you didn’t reach $5,000 in gross sales, your state may have a lower reporting threshold. You will receive a Form 1099-K if you meet either the federal or state threshold. You are responsible for determining whether you need to file a Form 1099-K based on your local jurisdiction's tax requirements.
To request a replacement Form 1099-K, please open a Chat or select Contact Us.
For all tax-related questions, please consult a qualified tax adviser. OfferUp does not provide tax advice regarding Form 1099-K.