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Investors & landlords
If the income on the 1099-K belongs on the Sch E then put it there and keep excellant records incase the IRS asks about it later. Although it is unusual for a 1099-K income to go on a Sch E it is not forbidden and due to the reporting changes this may happen more often ... the IRS has not posted how it will deal with it yet.
‎December 2, 2022
9:58 AM