Clients paid me with PayPal and sent a 1099-nec. This income is already on the 1099-k PayPal sent. How do I enter the 1099-nec without adding extra income to my return?

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Clients paid me with PayPal and sent a 1099-nec. This income is already on the 1099-k PayPal sent. How do I enter the 1099-nec without adding extra income to my return?

How much income was reported on the 1099-K?

Clients paid me with PayPal and sent a 1099-nec. This income is already on the 1099-k PayPal sent. How do I enter the 1099-nec without adding extra income to my return?

You can enter both incomes on your tax return. When you enter the 1099-K form, there is a line where you can enter an adjustment amount to cancel out the duplicate income.

[Edited 2/3/21 4:34 PM PST]

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