1099-NEC Tracker: Card and App Payments Kept Out of the Total

Three figures, $3,050 paid in total, $1,150 reportable and $1,900 excluded, above a table row for Demo Design Studio, fictional data

A contractor you paid $3,050 may not be over the $2,000 line. Card payments and PayPal business payments are generally reported by the payment company on Form 1099-K, so this tracker keeps them out of the reportable total. In the example, $1,150 is reportable and $1,900 is excluded. Educational template, not tax advice. Template created using AI tools and reviewed by the shop owner.

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