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I receive most income online through royalties, which are then processed by a third-party payment service. How do I report both without duplicating my income?
I receive a 1099-MISC from my payees and a 1099-K from the third party payment system, effectively causing me to report all my income twice. Do I need to report the 1099-K if all that income is reported elsewhere on 1099-MISCs?
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‎February 19, 2020
8:06 AM