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Get your taxes done using TurboTax
https://www.accountingtoday.com/opinion/gofundme-donations-may-have-tax-consequences
As the article suggests you could report the 1099-K amount as other income and report the same amount again as a negative amount as other income with the text something like “Offset GoFundMe payments on 1099-K”
January 30, 2021
11:53 AM
4,249 Views