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Thanks, I think I'm following you now. In my case, I have a hybrid 1099-K. A portion was from selling online with the purpose of income so that is entered as self-employed income and expenses. The rest of the sales were selling personal items that I owned. After selling through a lot of personal items the first half of the year I decided I could buy certain items to fix up and sell. In my Less Common Income i'll need to list the full 1099-K and then offset the cost of those personal items plus all the business items already captured as business income. That seems like the right way to handle a mixed 1099-K. Is that right?
‎February 21, 2021
2:41 PM