It is likely that your 1099K form will be higher than what was received in actual revenue.
The 1099-K is a tax information form generally used to report payments transactions. When using a 1099-K for information reporting, a copy must be delivered to the payment recipient and filed with the IRS.
As per IRS guidelines, Stripe must report the total gross volume, which includes all transactions, even those that were refunded. This is not the revenue that you are taxed on, it is only a reporting of the gross flow of funds, including sales, tax, and also refunds. Stripe must report the total gross volume, which includes all transactions, even those that were refunded. This is often why the amounts on your 1099-K may be higher than expected.
Stripe uses the available_on date of the balance transaction associated with the payment to determine which tax year the transaction belongs to. The available_on date represents the date the funds become available in the Stripe account.
The closest way to export this data in VinesOS is in the Reconciliation in VinesOS. There will likely be a discrepancy between what is on your tax filing and what is in the reconciliation report because Stripe's report is based on:
1) the available date that the funds are in your stripe account
2)rounding updates and
3) intra-day exchange rate adjusted for Stripe’s foreign exchange fee.
To get to your Reconciliation report in VinesOS, go to
Dashboard > Reconciliation
Select the date range for Last year.
Select all at the top
Export
More information: