After you file

To report your 1099-K from PayPay and not have it included as income follow these steps:

1. Log in to your TurboTax account if it is not open.
2. Select the Wages & Income tab.
3. Scroll down to Less common income click Show more.
4. On the page Let's Work on Any Miscellaneous Income click on Other reportable income.
5. On the page Any Other Taxable Income?  select yes.
6. On the page, Other Taxable Income enter PayPal 1099-K Personal for the description and the amount.
7. Select continue and answer No on the next page.

Next, you will have to offset your PayPay 1099-K.  Follow these steps to offset your 1099-K:

1. Log in to your TurboTax account if it is not open.
2. Select the Wages & Income tab.
3. Scroll down to Less common income click Show more.
4. On the page Let's Work on Any Miscellaneous Income click on Other reportable income.
5. On the page Any Other Taxable Income?  select yes.
6. On the page, Other Taxable Income enter PayPay 1099-K Personal for the description and the  amount as a -number for example  -1,200.
7. Select continue and answer No on the next page.

This process will report the income form the 1099-K in the first entry and then "back-it-out"  as personal in the second entry and will not be included as income on your tax return.