Our Senior Payments Product Insights Specialist, Carissa, walks Etsy sellers through all they need to know about understanding their 1099K tax forms for 2023. Remember the filing deadline is April 15, 2024.

0:00 Introduction to 1099K Forms
1:11 Tax Basics (what is a 1099K form, what kind of things can you deduct)
2:39 Taxpayer ID (learn what your taxpayer ID is and why it's important to keep it updated)
3:59 When will I receive my 1099K tax form?
6:04 What if my shop is a hobby?
6:49 Tracking your business expenses and calculating deductions
7:26 How to download your 2023 Etsy payments data
7:59 Getting support for your taxes (learn about free programs and partnerships to help you with your taxes)

Helpful Links
Etsy Seller Handbook The Ultimate Guide to Taxes https://www.etsy.com/sellerhandbook/...
Etsy Seller Handbook Guide to Meeting with a Tax Professional https://www.etsy.com/sellerhandbook/...
Legal and Tax Information Page https://www.etsy.com/your/account/tax...

IRS Links
Five Basic Tips About Hobbies https://www.irs.gov/newsroom/fivebas...
IRS Freefile https://www.irs.gov/filing/freefile...
Interactive Tax Assistant https://www.irs.gov/help/ita

Partner Links
TurboTax for Etsy Sellers* https://www.etsy.com/turbotax
*Terms Apply