Receiving the same income reported on both 1099-NEC and 1099-K can cause confusion with the IRS, as it may appear that you have received more income than you actually did. To correct this, follow these steps:
Contact the Issuing Company
Explain the Situation:
- Contact the company that issued the 1099-NEC and 1099-K forms.
- Explain that the same income has been reported on both forms, which may cause confusion with the IRS.
Request Corrected Forms:
- Ask the company to issue corrected forms to accurately reflect your income.
- Ensure they understand the need to avoid duplicate reporting.
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