SoFi Statements for 1099 Reporting
Preparing SoFi bank statements for 1099 reporting? Businesses issuing 1099s need to verify contractor payments against bank statements. Manually cross-referencing PDFs with payment records is time-consuming and error-prone.
Convert SoFi Statements Instantly
BankScan AI converts your SoFi statement PDF to a clean Excel spreadsheet in seconds — handling MM/DD/YYYY and modern digital banking format with Date, Description, Amount, and Balance columns, plus Vaults savings goal tracking automatically. Convert bank statements to Excel to quickly filter and identify all contractor payments, verify 1099 amounts, and ensure IRS compliance before January filing deadlines.
About SoFi Statement Format
SoFi's digital-first banking statements include Vaults, direct deposit details, and cashback tracking. BankScan AI extracts all transaction data from SoFi's modern format.
Getting Your SoFi Statement for 1099 Reporting
In the SoFi app or SoFi.com, go to 'Bank' > 'Statements', select the account and period, and download as PDF. SoFi also supports CSV exports through the transaction history page. Download Full calendar year (January 1 to December 31), as 1099-NEC and 1099-MISC are reported on a calendar year basis of statements.
How It Works
Upload your SoFi statement
Drop your SoFi Bank statement PDF. Supports PDF. Need Full calendar year (January 1 to December 31), as 1099-NEC and 1099-MISC are reported on a calendar year basis? Upload them all.
AI extracts every transaction
Our AI handles SoFi's MM/DD/YYYY and modern digital banking format with Date, Description, Amount, and Balance columns, plus Vaults savings goal tracking — extracting Payments to each contractor by name and TIN, total annual am.
Use for 1099 reporting
Download formatted Excel ready for 1099 reporting. Payments grouped by contractor/payee with annual totals, cross-referenced against W-9 information on file; separate identification of credit card payments (reported by payment processor, not payer)
SoFi + 1099 Reporting Features
- SoFi optimised — Handles MM/DD/YYYY dates and modern digital banking format with Date, Description, Amount, and Balance columns, plus Vaults savings goal tracking
- Built for 1099 reporting — Convert bank statements to Excel to quickly filter and identify all contractor payments, verify 1099 amounts, and ensure IRS compliance before January filing deadlines.
- Period coverage — Convert Full calendar year (January 1 to December 31), as 1099-NEC and 1099-MISC are reported on a calendar year basis of SoFi statements in minutes
Convert SoFi for 1099 Reporting — Fast
1099-NEC due to contractors and IRS by January 31; late filing penalties range from $60 to $310 per form depending on how late, up to $630 for intentional disregard
Convert SoFi Statement Free