- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Duplicate 1099-K amounts from two different companies
I hope someone can give me a clear answer on this. I have not had any luck getting some guidance so far.
Here's the situation.
What does someone do when receiving two 1099-K forms, from two different companies, but for the same income source? It should only be reported on my taxes once, but the IRS will be seeing it twice since both companies will be sending it in.
One from Google, for money earned through YouTube.
One from PayPal, which is sent by a 3rd party, (YouTube partnership program)
I have been down this road before with a similar situation for Patreon earnings distributed to PayPal. In that case, I also received two 1099-K forms for the same income. PayPal support is useless or clueless. No matter what documentation I would provide them, they would not or could not fix their 1099-K form. Thankfully, Patreon was able to fix things with their tax team contacting PayPal directly and getting them to issue a corrected 1099-K. This situation will not happen again as my Patreon earnings are being sent to my bank now.
That leads me to this year. If the same thing happens with Google and PayPal, what is the best course of action if neither company will issue a correction for their 1099-K so it's not a double taxation issue?