GeorgeM777
Expert Alumni

Get your taxes done using TurboTax

Given that you have now received a corrected 1099-K, you have what you need to confirm your previous entries.  Have you already filed your return?  If so, it may not be necessary to amend your previously filed return because nothing will change assuming you entered your 1099-K transaction amount with an equal offsetting transaction amount, thus "zeroing out" those entries.  As noted in previous posts, keep all of your 1099-K documents in the event you need to substantiate your entries.  

 

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