IRS_is_the_worst
Returning Member

Self employed

You nailed what I was saying with this: "Currently, there is no really good way of telling the IRS that a 1099-K is not taxable income."

 

As you indicated, the fact that a 1099-k is received by the IRS does not, in fact, mean the money is taxable but it does transfer the burden of proof onto the individual tax filer.