Incorrect information on 1099K

coloredpencils · ‎January 27, 2025

Hello, I received a 1099 K with mismatching information on it. It has my ss# but my spouse's name. They were suppose to send me two 1099K's, one for my portion of the income and one for spouse's portion of income. They said that they can not make corrections. What can I do about this?

PatriciaV · ‎January 27, 2025

According to the IRS (What to do with Form 1099-K), you should rely on your business books and records to report the income on the correct form/business.

TurboTax provides an option to adjust the amount shown on Form 1099-K. Essentially, you and your spouse should include the 1099-K information as it was reported, then adjust the amount of income to match your individual business records. As long as you together claim at least as much income as is shown on Form 1099-K, you have met the IRS requirements.

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