topic Forgot 1099K 2020 return in Tax help for military filers

Forgot 1099K 2020 return

jessica33218 — Mon, 05 Jul 2021 03:04:34 GMT

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.

Re: Forgot 1099K 2020 return

Critter-3 — Wed, 07 Jul 2021 13:42:17 GMT

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.

How to amend (change or correct) a return you already filed

Re: Forgot 1099K 2020 return

jessica33218 — Wed, 07 Jul 2021 16:26:19 GMT

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

Re: Forgot 1099K 2020 return

jessica33218 — Wed, 07 Jul 2021 16:27:57 GMT

I looked at VA website. It says amounts on 1099k excluded from gross income if selling items at personal loss. Im not sure but that does that mean I would still need to submit a 1099K