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Get your taxes done using TurboTax
If you were Not in business to make a profit, you can not take a loss, so costs can't exceed money in.
You May be able to just not report the 1099K at all, but since you're asking from the Self-Employed edition, it's an included feature which will preclude IRS assuming you had unreported taxable income.
You May be able to just not report the 1099K at all, but since you're asking from the Self-Employed edition, it's an included feature which will preclude IRS assuming you had unreported taxable income.
‎June 3, 2019
12:15 PM