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Tax law changes
No, you will not add the income twice. It is not expected that the 1099-K PLUS the 1099-NEC appear in gross sales.
However, it will be a red flag if your gross sales are less than the 1099-K alone. Your gross sales should also include income you made from individuals, regardless if they gave you a 1099-NEC.
‎February 15, 2025
8:16 AM