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it won't let me. i could replace me with someone else if i could find someone willing, but i doubt anyone will step up given this new requirement.
The what I assume "non profit" situation should be legally set up as such so that an EIN for the group can be issued and the 1099-K issued to that EIN and a proper return filing can be done even if no taxes are due.
Seek local professional assistance to get this situation done correctly.
that's not an option. as i mentioned, this is a local community-run support group. anonymity is vital. it's not a business, nor a non-profit. it cannot be setup as such.
typically, these kinds of support groups are cash-only donations. but with the c0vid stuff, we had to go from in-person to online, and Givebutter seems to be the best option to accept donations. in the past couple years, they did not issue 1099's or anything else. but i guess they joined up with Stripe this year to handle payouts, and they are doing 1099's.
i am on disability and fear this being considered income for me would endanger that status/benefits/income. so as a temporary solution, we changed it from being under my name & social to my wife's name & social.
she is self-employed, so we do a schedule-C for her.
SO, given this info, what's the best way to deal with getting a 1099 when it's not really income. everything that comes in, goes back out.
if i add this 1099 in the personal income section, is there a way to show that it was not income, but every penny went back out for meeting expenses & other donations?
or do i add it to my wife's schedule-c income & somehow show 100% deduction for it?
could use some practical out-of-the-box thinking/solutions/explanations/guidance.
thanks.
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Nylene18
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SyberKnight
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