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If I received a 1099-K from a payment processor does the amount on the form include revenue before they take out their fees, or after? If after, how do I account for that
I pay 2.9% plus $.30 per transaction. The 1099-K they sent doesn't say if it is gross or net their fee. Also, they are effectively double reporting 1099-NEC forms I received from other businesses that pay by credit card. How do I put this in my taxes?
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‎August 5, 2022
1:44 PM