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Income reporting and 1099-K income, is it doubling up?
I am a bit confused on reporting income via Square and a 1099-K from Square. I am self employed and I uploaded my Square income into my Wages and Income. I also qualified for a 1099-K through Square (same amount) and so I uploaded that as well. Now both are listed as income and have ultimately doubled my total income. Do I still need to be listing the Square income separately of the 1099-K or should I JUST be listing the 1099-K?
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‎January 22, 2025
1:35 PM