Is this still a valid solution in 2023? I am in the same situation as OP. I review Amazon products and get reimbursed through PayPal but this year, PayPal and other online payment services are required to issue 1099K forms to account holders who receive over 600 USD. I anticipate receiving a 1099K form from PayPal in early January 2024.
I am certain I have to report whatever is on the 1099K form on my tax return, even if they are reimbursements and not actually 'income'. I also knowledge the fact that hobby expenses are not deductible. In what way can I report my 1099K while canceling out my PayPal reimbursements with the expenses of the products?
