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TikTok 1099 NEC vs 1099 K PayPal Amounts
I am trying to help a friend with their taxes and their 1099 NEC from Tik Tok is $100,000 but their 1099K from paypal is for $200, 000, I downloaded the information from PayPal and figured out where all the payments came from that make up the $200, 000 and I still have a huge variance between the two. Has anyone seen this? I want to be sure they report the correct income on their return.
Thanks in advance
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‎April 7, 2025
5:04 PM