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April 8, 2021
Question

I filed my taxes and they were accepted. My return was deposited. I have since then received a 1009-k form from paypal. Do I have to amend and input my 1099-k form?

  • April 8, 2021
  • 1 reply
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1 reply

April 8, 2021

It depends. 

 

Form 1099-K reports funds handled by a third party on your behalf. 

 

If you reported these funds already as part of your trade or business, there is no reason to amend to include the Form 1099-K.   

 

If you did not include the amount reported on the Form 1099-K, then you will need to amend your return to include the unreported income on your tax return.