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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.
‎September 6, 2022
10:35 AM