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I paid myself through PayPal using my credit card. Do I need to report that money? Essentially I am being double taxed on it.
Last year I used my credit card 3 times to pay my rent on PayPal. I charged the amount for rent and then withdrew it from my PayPal account and paid my rent. PayPal sent me a 1099-K saying it was income, right now I am getting double taxed on it. Do I need to report this? It was not over $20,000 or 200 transactions.
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‎June 4, 2019
7:27 PM