Regarding this excerpt from Publication 344 (2024):
'If you are in a business, you may receive a Form 1099-K representing total dollar amount of total reportable payment transactions. This may not be the amount you should report as income, as it may not include all the receipts and it may include items that are not included in your receipts (such as sales tax).'
No where before or after that statement have I found and explanation of what to do in that case. I'm not in any way, shape or form a tax professional , but to me, it seems implied that you simply enter in the correct amount (gross receipts, without sales tax), which will then differ from the 1099-K form in question. So it sounds like the IRS is not matching generator and recipient data as most of us assume?
