What is Form 1099-K?
Form 1099-K is an IRS tax form that reports credit card payments and third-party network transactions. Form 1099-K reports the gross total of approved credit card payments your business received through Wave, before fees, refunds, or adjustments.
Wave automatically files this form with the IRS on your behalf. You will receive a paper copy in the mail and a downloadable copy will be available in Wave.
Will I receive a Form 1099-K?
You will receive a 1099-K form from Wave if, in the previous year, you processed payments with Wave’s online payments feature and met the minimum reporting requirement set by the IRS or your state.
If eligible, you will receive a paper copy in the mail, and a downloadable copy will be available in Wave by January 31.
If your business is not eligible, you will not receive a Form 1099-K in Wave.
Do I need to file my Form 1099-K?
No, Wave automatically files your Form 1099-K with the IRS on your behalf.
How can I find and download my 1099-K?
If you use a pop-up blocker, add waveapps.com to your list of allowed sites. Only the account owner and admin collaborators can view and download Form 1099-K.
To find and download your Form 1099-K:
- Log in at waveapps.com.
- On the left-side menu, click Reports.
- Under the Taxes section, click Form 1099-K.
Why does my form say Worldpay?
Your Form 1099-K from Wave will be issued by Worldpay, our payment processing partner.
Why can’t I download my Form 1099-K in Wave?
If you see an error message that you cannot download your Form 1099-K in Wave, your TIN may be used for more than one business. If so, you can request a digital copy of your Form 1099-K. You will need to complete and provide a Form W-9 for each business.
If you only have one business or have verified that the TIN is different for each of your businesses, troubleshoot your browser.
For help downloading your form, or to request a digital Form 1099-K, open Mave, Wave’s automated chatbot, and request to speak to a Support Agent.
How can I get a copy of my 1099-K from a previous tax year?
If you require a copy of Form 1099-K from 2021 or earlier, our Support Team can help. To make a request, open Mave, Wave’s automated chatbot, and request to speak to a Support Agent.
The gross amount on my 1099-K does not match my net deposits. What do I do?
Form 1099-K includes all approved credit card transactions processed in the calendar year. Debit transactions are not included. If you have refunded a credit card payment or received a chargeback on a credit card payment, it will be included on your Form 1099-K.
Match your approved credit card transactions with your Form 1099-K to confirm it is correct. If you have questions or concerns about your Form 1099-K total, our Support Team can help. Open Mave, Wave’s automated chatbot, and request to speak with a Support Agent.
The address on my Form 1099-K is wrong. How do I fix this?
Form 1099-K cannot be updated to change an address.
Your principal address will appear on Form 1099-K if your business is a sole proprietorship or a single-member LLC.
Your business address will appear on Form 1099-K if your business is a multi-member LLC, partnership, corporation, limited liability, or non-profit.
The IRS uses your business name and TIN to verify information, rather than the address. If the address is incorrect, our Support Team can help update it for future forms. You will need to confirm your old address, new address, provide a document showing your business name and the correct address, and provide a link to your website or social media account.
To update your address in Wave, open Mave, Wave’s automated chatbot, and request a Support Agent.
Updating your address within Wave will not change the address used for online payments.
My Form 1099-K has the wrong name. How do I fix this?
Your name and SSN will appear on Form 1099-K if your business is a sole proprietorship or a single-member LLC.
Your business name and TIN will appear on the form if your business is a multi-member LLC, partnership, corporation, limited liability, or non-profit.
Your business structure is chosen at the time of creating your Wave account and cannot be changed.
If the name or TIN is incorrect, our Support Team can help. You will need to complete and provide a Form W-9. To update your name or TIN in Wave, open Mave, Wave’s automated chatbot, and request to speak to a Support Agent.
You can request an amendment on your Form 1099-K from February 17, 2026, until June 30, 2026.
For additional information on Form 1099-K, see the IRS website Understanding Your Form 1099-K | Internal Revenue Service.