Thank you for responding.
I'm trying to enter an adjustment to decrease the amount.
I received a 1099-K for a 50 plus 2 year (due to Covid) high school reunion. We used a credit card processor to sell tickets to the dinner which will be held this year. The money reported on the 1099-K is not my money and in fact is in the bank account of another person on my committee. I had to give the processor my SSN or face backup withholding. My plan is to report the 1099-K income to avoid a negligence penalty, but zero it out with an adjustment and an explanation of what is really going on.
Prior to this last minute change to the law we would not have had this problem We will sell less than half of the previous 200 transaction threshold and far less than half of the prior $20,000 threshold in total transactions.
