RobertB4444
Employee Tax Expert

Get your taxes done using TurboTax

You have a couple of options.  Because this is the same income reported twice you can just enter it once and maintain records showing that this income was received from the one source and reported twice.  If any questions arise later you will be able to prove that you reported it properly.

 

Alternatively, you can report both forms but create an extra expense.  So the income goes in twice but the extra expense is called "Double reporting of Income" and is just a negative of the same number.

 

So if the 1099-NEC and the 1099-K are each for $1,000 then you would enter both of them showing $2000 in income.  Then you would create an expense for -$1000 so that your income goes back to the correct amount.

 

@sarahbrannon0 

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