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Does line 1 of Schedule C have to match the amount on 1099-K?
I have gig worker income and receive a 1099-K for that. My actual gross income is less that what is reported on my 1099-K because it includes some reimbursed expenses. Does the amount that I have on line 1 of my schedule C have to match the amount on the 1009-K? I'm using TT Premier and it asks me to enter the amounts from my 1099-K, which it copies over to Schedule C. Last year, I used TT Deluxe, which didn't have a screen to enter a 1099-K, so I just entered my actual gross income for line 1 of Schedule C.
‎February 5, 2023
6:44 PM