I have two businesses, one is a sole proprietorship, the other I received a 1099-MISC for. Both are paid through Paypal and so I received a 1099-K.
I entered my two businesses in the business section (one as sole prop and one as 1099-MISC). If the entire amount noted on the 1099-K is included in the businesses entries I already input, do I skip the 1099-K entry? I've heard that you don't need to actually "report" the 1099-K as long as the income is accounted for.
Thank you.
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