For the first time ever, we received a 1099-K. This one came from a PayPal entry, and we should not have gotten it. Our daugher was paying us back for something, used PayPal, and it seems that their system defaulted the type of payment to "goods and services", thus putting it into a business transaction category. PayPal says that since they already submitted this to the IRS, there's nothing they can do. We'd rather not risk an audit, so we were attempting to pay taxes on it anyway (via TurboTax), but the software does not appear to allow entry of the details on the form, presuming that such information would already be captured in the overall filings for a business.
Any idea what we can do? Can we enter the form manually? Any other options?
