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How to file 1099K payment card and third party netwoprk transactions for Sub s Corp when amount is part of total sales
My Sub S Corp service business received a 1099K "Payment Card and Third Party Network Transactions" from the credit card company. The amount on the 1099K is already shown in the total sales for the business. How do I account for the 1099K without "double counting" that as income?
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‎June 4, 2019
5:35 PM