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Investors & landlords
No, I would not expense any from Schedule C to Schedule E, simply enter as if you received multiple 1099-K and link each one to the schedule the income belongs on if you enter as personal income, or enter a 1099-K directly on Schedule C and then a 1099-K directly on Schedule E, each with the amount allocated to that schedule.
The IRS will look to see if you are reporting income, but they don't "match" the 1099-K to their copy.
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March 28, 2025
6:10 PM