I sold some tickets on Stubhub (totaling more than $600) and the payment was processed through PayPal. I understood that I would be getting a 1099-K from Stubhub. However, PayPal just notified me that because the payment was processed by them, that I would also receive a 1099-K for the same sale. Any advice on how to report this in Turbotax to avoid paying taxes twice on the same sale?
Should I report the sales price and the cost as the same for the PayPal 1099-K so there is no gain or loss, since I already paid taxes on the proceeds on the Stubhub 1099-K?
