I have a farm store and received a 1099K from Square. When I report my income on Schedule C, Do I subtract the income reported on the 1099K from my total income (cash sales) and only report that difference on Schedule C since the credit card income is already being reported through the 1099 K?
Also, one of the transactions reported on the 1099K actually needs to be reported on my Schedule F. How do I handle that.
I'm reporting my 1099K when working on my Schedule C
