1099-K forms are tax forms used to report earnings that are not wages, salaries, or tips. If you have sold tickets on SeatGeek and reached total gross sales exceed $5,000 or more from one or more sales on SeatGeek in a single year, you will receive a 1099-K form from our payment processor partner in the mail or via email.
When you receive your 1099 form for sales on SeatGeek via email, you may be asked to create an account with our payment processor partner, Stripe.
Please note, SeatGeek cannot provide tax advice. For more information, we encourage you to visit the IRS website and consult with your tax advisor. State taxes and tax thresholds vary. Please consult your state tax authority and check out Stripe's state tax requirements info page.
What should I do if I believe my 1099-K form is incorrect?
If you believe there is or may be an error on your 1099-K form, please follow these steps:
- Verify the reported amounts on the form against your records.
- Check if the discrepancies are due to seller fees, which are included in the gross total of the sale as required by the IRS.
- If you still believe there is an error, contact our support team with specific details about the discrepancy.
Why are seller fees included in my 1099-K form?
The IRS requires that seller fees be included in the gross total of the sale. This means that the fees SeatGeek takes out are considered part of the total amount reported on your 1099-K form.
I did not receive my 1099-K form. What should I do?
If you did not receive your 1099-K form:
- Ensure that your sales activity meets the federal or state reporting thresholds.
- Verify your email address and mailing address on file with Stripe Express.
- If you still have not received your form, contact our support team for assistance.
How can I update my tax and or personal information for my 1099-K?
To update your tax information:
- Log in to your Stripe Express account and make the necessary updates.
- You can edit your name, address, and TIN on the Tax Form page in Stripe Express.
- If you need to change from an SSN to an EIN, update your account type from “individual” to “company” in Stripe Express.
- Notify SeatGeek's support team 24 hours after the change.
What if I need a new invite link to access my tax form on Stripe Express?
If you need a new invite link to access your tax form on Stripe Express, you can request it in this support article.
I didn’t meet the Federal threshold, why am I receiving a 1099-K form?
If you received a 1099-K without meeting the Federal threshold, that means that your sales activity on SeatGeek meets your state’s mandatory reporting threshold. Your state’s legislation requires us to file a 1099-K with your activity for the tax year.
How can I claim expenses as deductions?
We recommend consulting a licensed tax professional for detailed advice on claiming expenses as deductions.
The 1099-K for my family's season tickets came to me erroneously. What should I do?
If the 1099-K form was issued to you instead of another family member, you can update the tax information in Stripe Express.