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I only have a 1099K in 2020, how do I file income tax of 2020? Additionally, IRS has wrong record of my 2020 income, because PayPal filed extra income by mistake.

And FTB is trying to tax me according to the wrong record.
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I only have a 1099K in 2020, how do I file income tax of 2020? Additionally, IRS has wrong record of my 2020 income, because PayPal filed extra income by mistake.

 

"IRS has wrong record of my 2020 income, because PayPal filed extra income by mistake."

 

 

If you believe PayPal has given incorrect information to you and to the IRS regarding your income, what have you done with PayPal to get them to make a correction?   TurboTax cannot make a correction to that for you, nor will the IRS/state change it for you.  Information flows from the federal return to the state return, so the state  (FTB) is taxing the amount you entered on your federal return.

 

As for filing a 2020 return, did you file a timely 2020 return in 2021?   Are you now getting requests from the state to pay more?   Or do you still need to file an original --first-- 2020 tax return?    

 

It is too late to receive a refund for a 2020 tax return unless you had an extension for 2020.   The last date to file a 2020 return and still receive a refund was May 17, 2024.  But if you owe tax due, it is owed with late penalties and interest.

 

The only way to prepare a 2020 return using TurboTax is to use the CD/download software on a full PC or Mac, and mail the returns in.  They cannot be e-filed.

To file a return for a prior tax year

 If you need to prepare a return for 2020, 2021, or 2022  you can purchase and download desktop software to do it, then print, sign,  and mail the return(s)

https://turbotax.intuit.com/personal-taxes/past-years-products/

You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.

 

Remember to prepare your state return as well—if you live in a state that has a state income tax.

 

https://ttlc.intuit.com/community/state-taxes/help/how-do-i-contact-my-state-department-of-revenue/0... 

 

When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.

 

Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

I only have a 1099K in 2020, how do I file income tax of 2020? Additionally, IRS has wrong record of my 2020 income, because PayPal filed extra income by mistake.

@chengy2020 You have posted in another thread and have received several replies there.  It gets really confusing for us when you start new threads about the same issue.   You were advised in your other thread as to how to enter your self-employment income for 2020.

 

Your other thread:

https://ttlc.intuit.com/community/taxes/discussion/how-to-file-tax-for-2020/00/3371773

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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