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Last modified: July 19, 2024

I’m a practitioner. Why is my 1099-K reporting a number higher than what I actually earned?

Don’t worry, this is normal! As per IRS 1099-K instructions, we’re required to report the gross amount transacted of payments that we facilitated on your account instead of your net earnings (i.e., income).

Gross Amount Transacted consists of:

  • Fullscript processing fees*
  • Cost of goods
  • Shipping charges
  • Sales Taxes
  • Refunded charges
  • All adjustments (if any)

*All sales tax and shipping charges are included in the fees charged to you by Fullscript. 

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