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Get your taxes done using TurboTax
The transfers from your personal account are not income and are not be reported on your tax return.
In your case, do not enter your form 1099K on your tax return. Just keep it in your tax records with the proof of your transfers from your personal account.
On your tax return, just enter your business income (the part which is not transfers from your personal account and enter this income under Other self-employed income.
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‎January 25, 2021
9:16 AM