1099K not reported but included in gross receipts on Schedule C for previous years

[bk2007]

Hi,

I'm completing my taxes for 2024 when I realized that the 1099-K has not been entered separately for previous years. I've included the totals from the 1099-K in my gross receipts but not entered the 1099-K form itself. For some my reason, I thought it was for informational purposes only. Now that I've realized my mistake, I'm recording it separately and deducting that from my gross receipts that I report so as not to duplicate that amount. 

My question is should I amend previous returns to enter the 1099K and then deduct that amount from the total I reported? Will it cause more  confusion since it ultimately won't change my tax liability at all? Any help would be appreciated.

[MinhT1]

No.

You won't need to amend your previous years' returns if you have reported all your income without entering the forms 1099-K separately. Just keep these forms in your tax records, and any evidence that the amounts reported on these forms have been included in income.