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Whatnot 1099-K and taxes for US sellers

A 1099-K is a report of gross payments, not your profit. For 2026, Whatnot will issue forms by January 31, 2027 to eligible Stripe-connected sellers who meet a federal or state threshold. You still have to report all earnings if no form arrives.

This page summarizes Whatnot’s published tax materials and is for planning only. It is not tax, legal, or accounting advice. Whatnot also states that it does not provide tax advice. Talk to a qualified professional about your own situation.

Who gets a 1099-K from Whatnot for 2026

Whatnot is partnering with Stripe to issue Form 1099-K to US sellers who have a connected Stripe account linked to their Whatnot profile, who cashed out with Stripe in 2026, and who meet a 2026 reporting threshold. Forms will be available in Seller Hub by January 31, 2027. The form reports all 2026 Whatnot earnings.

Starting mid-November 2026, sellers who appear to meet a threshold were to receive an email asking them to add or correct a Taxpayer Identification Number and to opt into paperless delivery.

If you have cashed out only with PayPal and do not have a connected Stripe account, you will not receive a 1099-K from Whatnot. You may still receive one from PayPal. If you used both, you may receive forms from both, and the PayPal form can include other PayPal or Venmo activity.

Source: 2026 Form 1099-K for U.S. Sellers, checked November 13, 2026.

The 2026 thresholds

The federal reporting threshold for tax year 2026 is:

That is the same pairing used for 2025 and for 2023 and earlier. For 2024 only, the federal threshold was temporarily lowered to $5,000, which is why some sellers received a form that year and may not in 2026.

You cannot opt out. If you exceed a threshold, Whatnot is required to issue the form and file it. Multiple Whatnot accounts that share the same TIN are combined onto one 1099-K.

Whatnot notes that these states may have lower 2026 thresholds, which can trigger a form reported only to the state if you are under the federal line: Arkansas ($2,500), District of Columbia ($600), Illinois ($1,000 and 4 transactions), Maryland ($2,000), Massachusetts ($600), New Jersey ($1,000), Vermont ($2,000), and Virginia ($600).

Gross payments are not profit

The number on a 1099-K is gross payments. It does not subtract:

Whatnot’s US tax guide says self-employed sellers generally report income on Form 1040 and may be able to deduct ordinary and necessary expenses on Schedule C, and that even without a 1099-K you must report full gross income. If you expect to owe at least $1,000 in tax for 2026, you may need to pay quarterly estimated taxes (Form 1040-ES). Deadlines for those estimates are typically April 15, June 15, September 15, and January 15 of the following year.

Source: Whatnot Tax Guide - US, checked November 13, 2026.

Where to get numbers you can actually use

Seller Statements in Seller Hub summarize income, fees, costs, and payouts for a period. Whatnot says statements, the Form 1099, and the ledger are the source of truth when Seller Analytics disagrees. The Weekly Orders Report breaks out commission, processing, seller-paid shipping, refunds, and tips per order.

Those reports still will not know what your inventory cost unless you entered Cost of Goods on the listing. That gap is why Whatnot earnings and taxable profit are different numbers. ProfitPerShow subtracts your costs, tracks a quarterly tax set-aside, and builds a Schedule C style summary and a 1099-K reconciliation from the files you upload. The set-aside is a planning estimate, not a tax calculation.

Related guides and tools

Sources

FAQ

Will I get a 1099-K from Whatnot for 2026?

Whatnot will issue a 2026 Form 1099-K through Seller Hub by January 31, 2027 to US sellers with a connected Stripe account who meet a reporting threshold. The federal threshold for 2026 is more than $20,000 in gross payments and more than 200 transactions. Some states have lower thresholds. Sellers who cash out only with PayPal will not get a 1099-K from Whatnot. Source: 2026 Form 1099-K for U.S. Sellers.

Do I still report Whatnot income if I do not get a 1099-K?

Yes. You must report all of your earnings, whether or not a form is issued. A 1099-K is an information report of gross payments, not a statement of taxable profit.

Is the amount on a 1099-K my profit?

No. A 1099-K reports gross payments. It does not subtract Whatnot commission, payment processing, shipping you paid, inventory cost, packing supplies, or other ordinary business expenses. Those deductions, if you qualify, are typically claimed on Schedule C. This is not tax advice; a tax professional should review your situation.

What are the lower state 1099-K thresholds for 2026?

Whatnot lists these states as possibly having lower 2026 thresholds: Arkansas ($2,500), the District of Columbia ($600), Illinois ($1,000 and 4 transactions), Maryland ($2,000), Massachusetts ($600), New Jersey ($1,000), Vermont ($2,000), and Virginia ($600). Confirm current rules with your state or a tax professional.