Form 1099-K Received After Filing

[pauldramsey]

All income from an S Corp is in the return I have already filed but now I have this 1099-K from Propay for the portion of that income that came from credit card processing.  The $9,739.24 reported in the Propay 1099-K is part of the $17,909 gross income figure I have already entered and submitted/filed.  If it's included do I have to file an amended return subtracting the $9,739.24 from gross receipts and then add it in the 1099 income section?  Thank you in advance.

[MaryK4 · Accepted solution]

No, if the amount of income is already included in your income, you do not have to amend your tax return.  

[pauldramsey]

Good to hear.  Thank you!