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Self employed
Hello Dr Rose,
Income from the 1099-K can be reported in 2 places.
1. Report it as other income on schedule 1 of your return if it is a hobby and no expenses are allowed to be taken
2. Report it on schedule C (self employed income) if it is a business and then you can take all the expenses associated with making that income.
Here are a couple of links with more information
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‎August 31, 2022
10:28 AM