topic I've mistakenly used goods and services when receiving money from PayPal multiple times from the same person, even though I did not sell anything,now I got 1099-k. in Get your taxes done using TurboTax

I've mistakenly used goods and services when receiving money from PayPal multiple times from the same person, even though I did not sell anything,now I got 1099-k.

Sarahjane012120 — Wed, 28 Jan 2026 06:22:33 GMT

I've mistakenly used goods and services when receiving money from PayPal multiple times from the same person, even though I did not sell anything, now I got 1099-k.what should I do? I have $21000 total gross,

Re: I've mistakenly used goods and services when receiving money from PayPal multiple times from ...

KrisD15 — Wed, 29 Jan 2025 15:24:11 GMT

You can adjust the taxable amount of income on Form 1099-K but you also need to keep documentation of what the transactions were if not income.

If the 21,000 represents gifts from one person, that person should also file a "Gift Tax Return" although that would not be your responsibility.

Re: I've mistakenly used goods and services when receiving money from PayPal multiple times from ...

Sarahjane012120 — Wed, 29 Jan 2025 15:26:50 GMT

Thank you for answering, it's from Family- but the thing is they are from internationally and they don't file taxes.

Re: I've mistakenly used goods and services when receiving money from PayPal multiple times from ...

MinhT1 — Wed, 29 Jan 2025 15:46:32 GMT

When you receive form 1099-K, certain items may not be taxable.

Depending on the circumstances and the nature of the non-taxable items, the way you exclude them from your tax return may be different.

Please read this IRS FAQ to find how to deal with these items.

Re: I've mistakenly used goods and services when receiving money from PayPal multiple times from the same person, even though I did not sell anything,now I got 1099-k.

Sarahjane012120 — Wed, 29 Jan 2025 17:53:59 GMT

the transaction is international and they don't do tax every year on where it came from. what to do? and how to file it?

Re: I've mistakenly used goods and services when receiving money from PayPal multiple times from ...

LeticiaF1 — Wed, 29 Jan 2025 19:09:30 GMT

Even if the money came from another country and you don't need to file a return from where it came from, you must report it on your US return since you got a Form 1099-K. Follow the steps provided by KrisD15 to enter this on TurboTax.

@Sarahjane012120