If a seller meets applicable tax reporting thresholds within a calendar year, Item Instock will generate Form 1099-K, file it with the relevant tax authorities, and provide the seller access to the form either electronically or by physical delivery. These requirements are based on reportable payment transactions under applicable tax laws, including Internal Revenue Code Section 6050W.

2. Reportable Amounts 2.1 Included in 1099-K Gross Amounts

For the applicable reporting year, Item Instock 1099-K reportable amounts for completed transactions may include:
• Item sale price
• Buyer-paid shipping fees
• Applicable sales or value-added taxes collected

2.2 Excluded from 1099-K Gross Amounts

The following amounts are generally not included in reportable gross totals:
• Platform service fees
• Payment processing fees
• Adjustments, refunds, discounts, credits, or chargebacks applied after transaction completion

3. Transaction Completion Timing

A transaction is considered completed on Item Instock when the seller confirms completion, or when the platform auto-completes the order after a defined period. At this point, net proceeds are credited to the seller’s Item Instock balance, and the transaction becomes eligible for tax reporting.

4. Federal & State Reporting

Some jurisdictions impose tax reporting thresholds that differ from federal requirements. When a seller meets federal 1099-K thresholds, Item Instock may also file copies with applicable state or regional tax authorities. Sellers are encouraged to consult a qualified tax professional regarding obligations in their location.

5. Form W-9 & Delivery Preferences

Sellers submit tax information through the Item Instock Tax Center using an electronic substitute Form W-9. During submission, sellers may choose to receive Form 1099-K electronically or by physical mail.

Delivery preferences must be updated on or before January 7 of the year following the reportable calendar year. Changes processed after this date will apply to the next reporting year.

6. Account-Level Reporting

Each Item Instock account is assigned a unique account identifier. All 1099-K reporting is generated and filed at the account level. Accounts are non-transferable, and reporting data cannot be reassigned to another individual or entity.

7. Updating Tax Identification Information

Tax Identification Numbers (TINs) generally cannot be changed once submitted. Limited exceptions include:
• Switching from individual (SSN) to business (EIN) where the user owns and controls the business
• Switching from business (EIN) to individual (SSN) if the business has been dissolved

Item Instock may review supporting documentation before approving such changes.

8. Monitoring Sales Activity

Sellers are responsible for monitoring unadjusted gross sales and transaction volumes throughout the year. This information is available in the Sales Report within the Seller Dashboard.

9. Errors & Corrections

If you believe your Form 1099-K contains incorrect information, contact the Item Instock Help Center with detailed information so corrections can be reviewed and processed where appropriate.

10. No Tax Advice Disclaimer

All tax documents and statements provided by Item Instock are informational only and do not constitute legal or tax advice. Sellers should consult their tax advisor, accountant, or relevant tax authority for guidance.

11. Government Holds & Reporting

Item Instock may hold, remit, or report funds if required by law, regulatory process, or official government notice.

12. Disclosure Information – Form 1099-K Delivery 12.1 Physical Delivery

If electronic delivery is not selected, Form 1099-K will be mailed to the address provided in the seller’s Form W-9.

12.2 Electronic Delivery Consent

Consent to electronic delivery remains in effect until withdrawn by:
• Updating delivery preference via the Tax Center
• Submitting a request through the Item Instock Help Center
• Sending a written request to Item Instock’s designated tax support channel

13. Withdrawal of Electronic Consent

Withdrawal requests must be processed by January 7 of the following year to affect the prior reporting period. Requests made after delivery of a Form 1099-K apply prospectively to future reporting years only.

14. Electronic Access Format

Electronic Forms 1099-K are provided in PDF format and may be accessed on desktop or mobile devices. Sellers are encouraged to retain copies for their records.

Simulation / Archive Framing

This document is archived as the Item Instock 1099-K Reporting Policy, defining tax reporting scope, seller responsibilities, and delivery disclosures for the Item Instock marketplace ecosystem.