What is Form 1099-K?
Form 1099-K is an IRS tax form that reports payment card and third-party network transactions. You’ll use it when filing your taxes.
What information is included in the 1099-K I got from Wave?
The Form 1099-K you receive from Wave reports the gross processing volume of card payments in your Wave Payments account. The gross processing volume represents the total amount of money you've processed through Wave in a calendar year before fees, refunds, or adjustments.
Will I receive a Form 1099-K?
You will receive a 1099-K form from Wave in January if, during the previous year, you processed payments with Wave Payments and meet the minimum reporting requirement set by the IRS or your state.
For minimum reporting requirements, see Form 1099-K: state and federal thresholds.
Where can I access my 1099-K?
If you use a pop-up blocker, add waveapps.com to the list of allowed sites in order to download your 1099-K.
To download your 2022 Form 1099-K:
- Log in to your account through waveapps.com.
Only the account owner and admin collaborators can view and download Form 1099-K. Users with other permission levels cannot access the form.
Learn more about user roles and permission levels for collaborators.
- On the left navigation menu, click Reports.
- Under the Taxes section, click Form 1099-K.
Your 2022 Form 1099-K is available in the reports section of waveapps.com. It is not available through the Wave mobile app.
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, open Mave, Wave’s automated chatbot, and type 1099-K. From the options presented, select Request digital copy of Form 1099-K. Mave will help collect any relevant details and direct you to the appropriate support. Learn how to open Mave in Get support with Wave.
Why does my form say Worldpay?
Your Form 1099-K from Wave will be issued by Worldpay, our payment processing partner.
The information on my form is incorrect. What should I do?
If any information on your 1099-K form is incorrect and needs to be updated, open Mave, Wave’s automated chatbot, and type 1099-K. From the options presented, select My 1099-K needs to be corrected. Mave will help collect any relevant details and direct you to the appropriate support. Learn how to open Mave in Get support with Wave.
You can request an amendment from the date Form 1099-K is sent until June 30 of the same year.