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Tax law changes
Thanks for your reply. The 1099K from Square also contains income that is not reported through any of my 1099-NEC customers, but were charges directly with individuals. As the 1099-K gets reported to the IRS, won't this be a flag because the total gross sales I report will be less than the total of all the 1099-NEC's I received plus the 1099-K from Square which includes income some of which is in the 1099-NEC.
‎February 15, 2025
8:04 AM