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Business & farm
You can enter the 1099-K as Self Employment income. You would enter the total amount and then on the expense side of your Schedule C you would put the original price of the tickets and also the amount of the commission. This should result in the actual amount that you received.
NOTE: You will not only pay Income Tax you will also pay Self Employment Tax (Social Security and Medicare).
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‎February 4, 2020
2:46 PM