Hello. Is Vanessa's 2022 answer still current?
My sole-proprietor small business makes money on Fiverr.com, and other jobs through ebay and facebook and in-person. All these sources pay me through PayPal, but some sources (Fiverr) send me 1099-Ks that report the same income that the PayPal 1099-K includes. Because I also receive money through PayPal from other sources, the amounts are not the same.
For example, I received $25k through PayPal, comprised of:
$10k from Fiverr
$12k from other sources like ebay or in-person
$1k as gifts from family and friends.
When entering my 1099-Ks into TurboTax-Deluxe, there is a box to "Enter the amount that should not be included". Should I enter the full amount on the PayPal 1099-K (deducting the $1000 given from friends and family) and then enter the full amount for the Fiverr 1099-K and deduct the entire $10k in this box?
Thanks!
