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1099-k tax question
I show my art and sell a few pieces once a year for a convention as a hobby, I take card payments through square and this year I made enough to qualify for a 1099-k, I paid my sales taxes right after the convention ended but my question is this, When I received my 1099-k form it had my gross income listed (taxes and fees and all) and that seems to be the way square does it after reading through their FAQs, how do I list this as hobby income when I've already paid sales taxes on this amount but the 1099-k is stating the gross amount I made, I don't want to get taxed on a TOTAL AMOUNT twice?
March 27, 2024
9:31 AM