@Critter-3 wrote:
If you get a 1099-K for $600 or more and the income is not reported on the return somewhere then you will 100% get an IRS audit letter in the future where they will contend this is all SE income where you owe SE taxes on top of the federal taxes.
So until the IRS give some kind of guidance on this matter all we can do is wait.
No one is disagreeing with the need to include some kind of report. The original question was how to report it (which we dealt with for 2021, and must wait and see for 2022), but there also seems to be a suggestion that the entire proceeds are taxable.
It's not.
