JamesG1
Employee Tax Expert

Get your taxes done using TurboTax

I am sure that that happens.  A taxpayer receives multiple IRS form 1099-K forms and reports some amount on IRS Schedule 1 as an amount reported to you on Form(s) 1099-K that was included in error or for personal items sold at a loss.

 

I assume that the IRS would audit all of the income reported on IRS 1099-K forms and place the burden on the taxpayer to explain how each dollar on each form was accounted for.

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