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1099-K Tax Form

Overview

Each year, the United States IRS requires that FutureFund provide a form called a 1099-K for each fund that meets all of the following criteria in the previous calendar year:

  • Account is based in the United States AND
  • More than $20,000 USD in total gross volume AND
  • More than 200 charges

The 1099-K is a purely informational form that summarizes the sales activity of your account and is designed to assist you in reporting your taxes. It is provided to you and the IRS, as well as some US states. For more information, see Understanding Your Form 1099-K.

1099-K Sample Form

Important

We recommend you consult a tax advisor to learn more about this form and how you should use it.

Platform Accounts

For platform accounts, FutureFund will send 1099-K tax forms by Jan 31 for funds meeting the IRS thresholds stated above. Forms will be mailed using the address on file for the fund which may differ from the account address.

Standalone Accounts

FutureFund will not send any tax forms for Standalone funds. Stripe may send a tax form. Please contact Stripe for more information.