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Get your taxes done using TurboTax
Yes, because Form 1099-K may report various types of income, you may enter the transactions on your return in whatever income category applies. Just be sure you report all the income reported on the 1099-K.
You will need to report these activities as business or investment income, but also report business/investment expenses you may have had.
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‎February 6, 2022
2:02 PM