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I am getting ready to prepare my taxes for 2019. I am a bit confused about how to accurately know if I had more than 200 transactions last year (I do have more than 20k in income from Upwork). I downloaded the transaction history excel but it includes service fees paid as well as withdrawals to my bank account. Should I only count invoices?
It would be best to consult with your local tax advisor so that you will be assisted accordingly on what transactions are required for your taxes. Thanks!
I am getting ready to prepare my taxes for 2019. I am a bit confused about how to accurately know if I had more than 200 transactions last year (I do have more than 20k in income from Upwork). I downloaded the transaction history excel but it includes service fees paid as well as withdrawals to my bank account. Should I only count invoices?
Thanks!
I'm not sure what they count, but I believe it's at least 2 per withdraw (paid plus the withdraw). I think they count the fees too. I think I should get one and I have not gotten mine yet. They usually come around the end of the month.
I will be interested in this answer, too, because the Report-income-from-Upwork page says "A 1099-K is a record of payments, not earnings", so it seems that only payments should count in the 200 number.
