in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
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Okay, thanks for clarifying. You record this income in the same place as the 1099-K, but not on 1099-K form.
Go to Federal Taxes>>Wages & Income>>Self-employment income (1099-MISC, etc.) and expenses. From here, either create or edit your ''SCRAPPING" business. You can add cash received as a line item under ''Additional Income".
I attached a screenshot so you can see what it looks like in TurboTax.
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