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I got a 1099-NEC for a job that paid via PayPal. I also received PayPal's 1099-K, which includes the amount in my 1099-NEC. Can I omit my 1099-NEC to avoid 2x entries?
For example, say the box 1 amount in my 1099-NEC is $1000. The amount in my box 1 amount in my 1099-K is $5000, but it includes the $1000 from my 1099-NEC. How do I go about reporting?
‎January 29, 2025
11:01 AM