Wrong Address on 1099-K

9 replies
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I just received a 1099-K from PayPal and they used an outdated address. I tried calling to get it corrected and have had no luck so far. It looks like a lot of others have had the same issue. Does this need to be corrected? All other info including earnings, name, and SSN are correct - Just an outdated address that they pulled from an old billing address.

Thanks!!

CatinaT1

Alumni - Intuit

No, this does not need to be corrected. Since everything else is correct you just proceed as if the address is correct.

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JKalabokisAuthor

Level 2

Thanks so much! When I report it, will I need to enter the address as shown on the form or the correct address?

Appreciate your help

CatinaT1

Alumni - Intuit

Either is fine as it will not impact your return. If you enter the address shown, I think TurboTax will just give you a reminder that the address is not the same as the one on your return and to update it with the payer. As a tax preparer, I never pay any attention to the address listed on the forms for my clients.

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