https://ttlc.intuit.com/community/taxes/discussion/sold-products-for-someone-going-to-receive-a-1099k-what-s-the-best-way-to-write-off-what-i-paid-them/01/2790065#M1011527 <P>I sold products throughout the year for myself and another individual. All the transactions went through my PayPal, so I'm going to receive a 1099k at the end of the year. I made payments to them throughout the year for items I sold and kept a percentage of sales. I have kept track of every sale I made and payment I sent to them. To avoid getting taxed on the income that I passed on to them, I've gathered I either need need to file a 1099 NEC or MISC and issue it to them. Is this correct or is there a better way to do this? If this is the way to go, is the NEC or MISC more appropriate?</P> Tue, 10 Mar 2026 07:05:51 GMT NovaXP 2026-03-10T07:05:51Z https://ttlc.intuit.com/community/taxes/discussion/sold-products-for-someone-going-to-receive-a-1099k-what-s-the-best-way-to-write-off-what-i-paid-them/01/2790065#M1011527 <P>I sold products throughout the year for myself and another individual. All the transactions went through my PayPal, so I'm going to receive a 1099k at the end of the year. I made payments to them throughout the year for items I sold and kept a percentage of sales. I have kept track of every sale I made and payment I sent to them. To avoid getting taxed on the income that I passed on to them, I've gathered I either need need to file a 1099 NEC or MISC and issue it to them. Is this correct or is there a better way to do this? If this is the way to go, is the NEC or MISC more appropriate?</P> Tue, 10 Mar 2026 07:05:51 GMT https://ttlc.intuit.com/community/taxes/discussion/sold-products-for-someone-going-to-receive-a-1099k-what-s-the-best-way-to-write-off-what-i-paid-them/01/2790065#M1011527 NovaXP 2026-03-10T07:05:51Z https://ttlc.intuit.com/community/taxes/discussion/re-sold-products-for-someone-going-to-receive-a-1099k-what-s-the-best-way-to-write-off-what-i-paid/01/2790087#M1011540 <P>Was this a contractor or someone from whom you purchased merchandise (products for resale)?</P> Mon, 14 Nov 2022 02:14:19 GMT https://ttlc.intuit.com/community/taxes/discussion/re-sold-products-for-someone-going-to-receive-a-1099k-what-s-the-best-way-to-write-off-what-i-paid/01/2790087#M1011540 Anonymous_ 2022-11-14T02:14:19Z https://ttlc.intuit.com/community/taxes/discussion/re-sold-products-for-someone-going-to-receive-a-1099k-what-s-the-best-way-to-write-off-what-i-paid/01/2790103#M1011544 <P>It was just a friend of mine that I was selling stuff for along side my own items. So I'm not sure what that would be classified as.</P><P>&nbsp;</P><P>I did not purchase them from him, so I don't think it'd be considered resale. Would that be a contractor then?</P> Mon, 14 Nov 2022 04:07:55 GMT https://ttlc.intuit.com/community/taxes/discussion/re-sold-products-for-someone-going-to-receive-a-1099k-what-s-the-best-way-to-write-off-what-i-paid/01/2790103#M1011544 NovaXP 2022-11-14T04:07:55Z