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Deductions & credits
Q. Do I ignore the 1099K, or put it down twice (once as income and the value again as a cost/loss)?
A. Either way.
For the ignore answer, see: https://ttlc.intuit.com/community/taxes/discussion/received-1099-k-from-reverb-and-paypal-but-sold-o...
For how to put it down twice, see: https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-report-a-1099k-from-paypal-even-if-i...
‎October 12, 2020
3:13 PM