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1099 Tax Documents – Explanation & How to Access

1099 Tax Documents – Explanation & How to Access

How to View Your 1099

To access your 1099 documents:

  1. Navigate to the menu dropdown in the top right corner of your admin backend

  2. Select Manage Payments

  3. Go to the Documents tab

  4. Under Tax Documents, select the 1099 form and year

What Forms Are Issued

  • Your business: Form 1099-K

  • Drivers / Contractors: Form 1099-NEC (if applicable)

Important: What Your 1099-K Represents

Your 1099-K reports the gross amount of reportable payment transactions processed through Stripe.

This includes:

  • All successful, settled credit card payments

  • The full transaction amount before any deductions

This is consistent with IRS guidelines.

What Is Included in the 1099-K Total

Your 1099-K includes (gross amounts):

  • Order totals paid by customers via card

  • Taxes and fees charged to the customer

  • Transactions that were later refunded (refunds are NOT netted out)

What Is NOT Included

Your 1099-K does NOT include:

  • Cash payments

  • Checks or offline payments

Why Your 1099-K Does NOT Match Your Deposits or Profit

It is completely normal for your 1099-K to be higher than your deposits or profit.

This is because:

  • The 1099-K shows gross transaction volume

  • Your deposits reflect net amounts after deductions

  • Your profit depends on your full business expenses

Key Differences

Metric

What It Represents

Metric

What It Represents

1099-K

Total card payments processed (gross)

Deposits

Net funds after fees, refunds, and payouts

Platform “Reported Net”

Internal system calculation (not full accounting)

Actual Profit

Revenue minus ALL business expenses

Example

A customer places a $100 order:

  • $100 is charged to the customer → reported on 1099-K

  • $30 paid to restaurant

  • $40 paid to driver

  • $10 in processing/platform fees

  • You retain $20

👉 Your 1099-K shows $100, even though your net is lower.

How to Use Your 1099-K for Taxes

Your 1099-K is a starting point, not your taxable income.

To determine income, your accountant will typically:

  1. Start with your 1099-K total

  2. Add:

    • Cash / offline payments

  3. Subtract:

    • Refunds

    • Processing fees

    • Driver payouts

    • Restaurant payouts

    • Payroll, rent, marketing, and other expenses

The result is your net taxable income.

Partner Pay / AutoPay Clarification

If you are using Partner Pay / AutoPay:

  • Some funds may be distributed directly through Stripe to drivers or partners

  • Depending on the payment flow and account structure, these amounts may be reported differently across tax forms

If you have questions about how these apply to your account specifically, please contact support.

Driver 1099-NEC Information

  • Drivers paid over $600 may receive a 1099-NEC

  • If payments are processed through Stripe:

    • Stripe may issue the form directly

  • If you pay drivers outside the platform:

    • You may be responsible for issuing a 1099-NEC

Important Notes

  • A 1099-K is based on gross payment volume, not profit

  • Your DeliverLogic reports are operational reports, not full accounting statements

  • It is expected that your 1099-K will not match your net income

Helpful Resources

Disclaimer

This information is provided for general informational purposes only. DeliverLogic is not a tax advisor. Please consult with a qualified CPA or tax professional for guidance specific to your business.

 

 

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