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In the Payment method dropdown select the payment method. Dealers are required to file a 1099-B form when a customer sells the minimum quantity of any Precious Metals product that is included on the IRSs Reportable Items List.
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Select Enter credit card details and enter the card info.
. Fill out the form. Select Process credit card and then Save. Add the products and services youre selling.
If you have additional questions please consult a tax professional for details on your specific tax situation. When is a 1099-B filed. Or if you have a Magtek card reader select Swipe Card and swipe their card.
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