Thank you for your response @MaryK4 ! I do have clean records of all transactions. But I’m still unclear on how to file. Both forms say I’m required to file them since both entities filed on their end. However if I file both the 1099NEC and 1099K, how do I show on the tax forms that I didn’t make 39K, but rather 21K? As far as I understand, when I plug in both forms on TurboTax, it’s counted as 39K income, which isn’t right. If I list 18K as an expense to negate the 1099K that’s highly suspicious and I’m sure will lead to audit.
If I don’t file the 1099K then I’m sure that will lead to audit as google pay submitted their form. Is there a way to file to acknowledge the forms without counting it as my income? If not I can deal with the audit, but naturally I’d like to avoid the whole procedure. Anymore help is appreciated.
