<<
If the IRS is now seeing PayPal and Venmo payments, they see me reporting less than the total amounts that they (IRS) see, will that trigger anything? Audit, etc?
I would be reporting less than the IRS sees because I'm only reporting the labor. >>
yes it could raise questions because you are not tying your tax return to the 1099K. The IRS assumes everything reported on the 1099K is taxable income and the way you explain that much of it is reimburseable parts is to records those parts as an expense, which is supported by your detailed record keeping.
