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New Member
posted Jan 26, 2025 10:59:19 AM

Double w2s for same work

Some clients pay me through PayPal.  I recieved a 1099-K from PayPal for all the work I got paid for in 2024.  However, some of my clients are also going to send me a 1099.  How can I not pay taxes twice on the same payment?

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1 Replies
Expert Alumni
Jan 26, 2025 11:21:37 AM

If your clients pay you through  PayPal or Venmo or by credit or debit card, they do not have, and should not issue you form 1099-NEC.

 

Please see this QuickbooksHelp article.

 

If you receive such forms 1099-NEC, you should ask your clients to cancel them and report the cancellation with the IRS.