1099-K forms for domain-related transactions
Form 1099-K is an IRS information return used to report payments received for goods or services through a payment settlement entity, such as GoDaddy. GoDaddy provides a 1099-K form to customers who meet certain criteria.
This article is specific to GoDaddy Auctions®, List for Sale, and Domain Broker Service.
Select a question to see its answer:
- Am I eligible for a 1099-K form?
- How many 1099-K forms will I receive?
- How will I receive my 1099-K form?
Am I eligible for a 1099-K form?
GoDaddy is required to provide a 1099-K form for the current tax year when specific federal or state requirements are met. These requirements may change from year to year, so you may receive a 1099-K form one year, but not the next. Requirements for a 1099-NEC form are different from 1099-K requirements.
- Federal: The gross amount of reportable payment transactions to a payee exceeds $20,000 and the number of transactions exceeds 200.
- State: You transacted in one of the following states or districts met their minimum requirement
- AR: US$2500 and 1 transaction
- DC, MA, MD, MT, VA, VT: US$600 and 1 transaction
- IL: US$1000 and 4 transactions
- NJ: US$1000 and 1 transaction
How many 1099-K forms will I receive?
You may receive multiple 1099-K forms in a calendar year. Eligibility is based on reportable payment transactions across all GoDaddy products and accounts. You’ll receive a separate 1099-K form for each product and each account that contributes to federal or state threshold requirements.
For example, if GoDaddy Payments and GoDaddy Auctions® are in the same GoDaddy account and threshold requirements are met for both products, you'll receive two separate 1099-K forms. If two separate GoDaddy accounts have GoDaddy Auctions® and threshold requirements are met, you'll receive two separate 1099-K forms.
How will I receive my 1099-K form?
GoDaddy will send 1099-K forms to the mailing address in the associated Payee account by the end of January of the current calendar year. Verify your Payee account details by the end of December prior. You can also download tax forms in your GoDaddy account.
Disclaimer: This information is not intended to establish a relationship or provide tax advice. Consult with a tax professional for more information.