Income/paid invoice report for taxes

[d83ee204]

I made less than the $20,000 to receive a 1099-K, so I have to report my own earnings. Can someone tell me if there is a report that shows paid invoices? What I find is a document with everything in it, including Connects. Is this the only report offered?

[patchworksvideo]

Hi Lesa! Glad to see you have a good understanding of how 1099-K works for 2022, and realizing that you won't be receiving one. But what about that information that you seek?

How to get that info? It's described here:

• For total payments received, use the Transaction History report filtered by credits
• For total billings (including fees, but subtracting refunds), use the Billings and Earnings report

Between those, you'll be able to gather the data that you need: your income from Upwork, as well as any expenses you accumulated.

From there, of course, discuss with a tax professional or with your tax software's help section about whether you meet reporting thresholds for self-employment at all, taking into consideration total activity both on and off Upwork. Or, whether your activity is a business or a hobby. Those are questions for your tax professional and/or for yourself to consider.

All that aside, the information you seek is in the links above!

[759e32fa]

Hi Lesa,

Thank you for reaching out to us. We mail your 1099-K form by January 31st each year for the previous year’s payments. For example, you should receive your 2022 1099-K in January or February of 2023. 

You’ll need to make sure that your tax address is up to date and that you have completed a W-9 with a valid Tax Identification Number (SSN, EIN, or ITIN). You can update this information in Settings › Tax Information.

You may check this help article for more information.

[patchworksvideo]

Hi AJ - just to reconfirm, Lesa says she did NOT earn $20,000 or more. Therefore, she should not expect a 1099-K for 2022. Correct? Her question is about where to find the relevant information for someone who will not receive a 1099-K.

[ArjayM]

Hi John,

You're correct! As Annie Jane mentioned, she will only receive Form 1099-K if she received at least $20,000 in payments from your clients on Upwork in 2022 which included 200 or more transactions. If she reaches this amount, she will receive a Form 1099-K from Upwork in 2023 for her 2022 transactions. We highly suggest you review the help article Annie Jane shared above to learn more about the process. Thank you!

[patchworksvideo]

Yup! Just wanted to make sure Lesa was getting good info. Thank you for confirming.

[d83ee204]

Thanks, everyone. This is very helpful!