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Level 2
July 5, 2021
Question

Forgot 1099K 2020 return

  • July 5, 2021
  • 3 replies
  • 28 views

I'm active Navy stationed in VA but a FL resident. I completely forgot about my 1099K for paypal just looked it has over $700 for 2021 in 1a for gross amount. Do i need to ammend my taxes. I'm concerned I need to add it.

3 replies

Critter-3
Level 15
July 7, 2021

If you did not already enter this amount on the Sch C when you filed  then you must amend the return AFTER the IRS had fully processed the original return. 

 

 

Level 2
July 7, 2021

I looked at VA excluded from gross income if selling items at personal loss. would i still need q 1099K