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Form 1099-K

This article is provided for general information purposes only, and shall not be construed as tax and/or legal advice on any subject matter. We would recommend connecting with a tax advisor if you are able. Good Dog has shared this article only as an informational tool, and expressly disclaims all liability in respect of actions taken or not taken based on any or all of the contents in this article.

Form 1099-K
Form 1099-K is an information form used to summarize total gross sales received during a calendar year. The 1099-K does not impose a new tax and is meant only to notify you of the payments received in the prior tax year so you can accurately report income, if needed, when preparing your taxes.

Any companies that facilitate payments for these transactions, including Venmo, PayPal, CashApp, Good Dog, Stripe, and many others, are required by law to file Form 1099-K with the IRS and send copies to the payment recipient.

Current Form 1099-K reporting requirements (Updated October 2025)
For the tax year 2025, anyone who has more than 200 transactions and receives over $20,000 for goods and services through Good Dog, or any other payment platform including Venmo, PayPal, Cash App and Zelle can expect to receive a Form 1099-K.

While we are required to send this form to qualifying payment recipients, as noted below, certain amounts included on the form may not be subject to income tax. To determine whether specific amounts on a 1099-K are classified as taxable income, it’s best to speak with a tax professional.

Total Gross Sales Reported on Form 1099-K
A 1099-K form is used to report gross sales as part of filing your taxes. Total gross sales is the total amount buyers have paid you, for the entire year, without subtracting expenses, such as:
  • Fees
  • Refunds
  • Shipping costs
  • Sales tax collected by you

Please note this isn’t a complete list of expenses that may not be reflected on your 1099-K form. Your gross sales income reflected on Form 1099-K might not match your revenue or your net profit. This is because the gross sales income reflected on Form 1099-K adds all the money that buyers pay that goes into your account. No expenses or refunds are subtracted from this amount.

According to the IRS, “gross amount means the total dollar amount of total reportable payment transactions for each participating payee without regard to any adjustments for credits, cash equivalents, discount amounts, fees, refunded amounts, or any other amounts. The dollar amount of each transaction is determined on the date of the transaction.”

Reviewing Form 1099-K
Receiving a 1099-K form doesn’t necessarily mean you’ll owe taxes on the payments you’ve received. The 1099-K form we issue doesn’t calculate your profit or indicate any tax liabilities you may have—it simply gives your total gross sales. To determine whether specific amounts on a 1099-K are classified as taxable income, it’s best to speak with a tax professional.

Contacting a tax professional
Good Dog cannot interpret tax laws and/or give specific tax advice. Please reach out to a local tax professional if you need tax advice.

A tax professional, and not the Good Dog team, can help with these topics:
  • How to report expenses on your tax filing to ensure you only pay taxes on your net profit
  • What exactly you’ll need to report and how to report it on your tax return
  • State specific thresholds and reporting requirements.
  • How to file taxes with your 1099-K form if it needs to be split between two different taxpayer numbers in a single calendar year
  • The tax implications of changing locations and filing status (individual vs. business)

You can also watch our Tax 101 for Dog Breeders webinar to learn general tax best practices from a Certified Public Accountant.

State and federal reporting may differ
States may have their own reporting thresholds (that may or may not differ from the federal reporting thresholds) and this varies from state to state. It’s best to speak with a tax professional for any questions related to state reporting requirements.

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