Hello,
I see some discussion about the 1099k forms from Paypal (used for transactions at Hard Rock Bet) and I'm trying to figure out the easiest way to do this on my taxes. I used paypal for many Hard Rock bet transactions
( deposits, withdrawals) throughout 2024. Losses exceeded winnings for the year.
This 1099K comes across as income, which is simply not true.
Could someone please provide a step by step way to basically zero out the gross amount of payment so this is not considered income?
Thanks for any advice here.
