topic I sent money to my wife using paypal goods & services. She sent money back the same way. How do we file the 1099k? We did not make any money. It was our money. in After you file

I sent money to my wife using paypal goods & services. She sent money back the same way. How do we file the 1099k? We did not make any money. It was our money.

asturgill — Wed, 28 Jan 2026 06:37:58 GMT

Bsch4477 — Tue, 28 Jan 2025 15:34:47 GMT

When you report the 1099-k you will have the opportunity to exclude personal amounts from being taxed.

LeticiaF1 — Tue, 28 Jan 2025 16:23:44 GMT

As Bsch4477 said, when you enter your 1099-K in TurboTax, you can exclude the payments that were for personal things.

To enter this in TurboTax:

Open your return
Go to 1099-K
Add a 1099-K
The next screen lets you select the type of income that your 1099-K is for, select the option that is closest to the income you received
Enter the information from your form and mark the box of This amount in box 1a is too high or includes some personal transactions
Enter the amount

Use the images below for your reference: