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Question

1099-k and 1099-nec for same amounts. How should I report income without it doubling up?

Forum|Forum|1 year ago
February 21, 2025
1 reply
0 views

I was paid for services by multiple companies that mailed me 1099-nec forms. Those amounts were paid via PayPal or Venmo who sent me 1099-k. If I claim both it will double the amounts that I was paid. How do I handle this?

You can enter the 1099-NEC as normal and then enter the 1099-K and back the income out of it.

To enter the 1099 K and then back it out immediately take the following steps:

Income
1099-K under Other Common Income
Enter the information from the 1099-K
Check the box that says, This amount in box 1a is too high or includes some personal transactions
Enter the amount that shouldn't be included

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