AMG22
New Member

1099 K Payment Card Third Party Pass Thru

Our website processes transactions for a client. We get paid a set fee and the balance is transferred back to the client.

 

Example

Item A Costs: $19.95 ( Credit Card)

Transaction Fee: $3.95

Net: $16.00 is returned to our client

1099K Reflects $ 19.95  how do I report that the fact that $ 16.00 was returned to my client