If either a designer or a manufacturer have less than $20,000 in gross sales processed and less than 200 transactions per year, then Treatstock is not required to issue Form 1099-K. If either the designer or the manufacturer have more than $20,000 in gross payments processed and more than 200 transactions per year, we will file Forms 1099-K and 1042 (if applicable) with the IRS where we will show the amount of gross sales and taxes withheld for each tax year. The designer or manufacturer will also receive copies for their tax records and filing.
