- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self employed
If you know what your net income is, then you can back into the sales figure. You just need to enter the 1099-K form amount, then all of your expenses. Then look at your net income and subtract that amount from your actual net income and the difference goes to sales. If your sales are short, add the difference to income from cash sales. If your income is overstated, enter a cost of goods sold amount categorized as "consignments" or a similar category.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 3, 2023
3:51 PM