EZ Knock Sellers - Year End Tax Forms
Will you receive a 1099-K?
The EZ Knock Marketplace Wallet is possible through our partner Dwolla. While EZ Knock may not be sending Seller's a 1099, our partner Dwolla does send a 1099-K for qualifying users.
How do I know if I will receive a 1099-K from Dwolla?
You qualify for a 1099-K from Dwolla if you:
Have received over 200 payments to your wallet totaling $20,000 or more.
You reside in the following states that require a 1099 be sent if you received $600 or more in gross payments in the calendar year: Vermont, Maryland, Virginia, Massachusetts, Mississippi, District of Columbia.
You reside in New Jersey and you have received $1,000 or more in gross payments in the calendar year.
You reside in Missouri and you have received $1,200 or more in gross payments in the calendar year.
You reside in Arkansas and you have received $2,500 in gross payments in the calendar year.
You reside in Illinois and you have received 4 or more payments of $1,000 or more in the calendar year.
Do I need to submit any information to receive my 1099-K if I qualify?
No. However, if your account is missing any information for your 1099-K to be sent to you, you may be contacted by Dwolla or EZ Knock Marketplace to submit any missing information.
Can I review my balance history for my transactions?
Yes. Find out more here about exporting your balance history for your records.