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IRS form 1099-K income can be reported different ways.
Enter the fraudulent amount in the box "This amount in box 1a is too high or includes some personal transactions."
To report IRS form 1099-K hobby income in TurboTax Online, follow these directions.
The entry will be reported:
At the top of Schedule 1, note the amount reported in error or for personal items sold at a loss.
Hobby income expense is not allowed to be reported.
IRS form 1099-K income can be reported different ways.
Enter the fraudulent amount in the box "This amount in box 1a is too high or includes some personal transactions."
To report IRS form 1099-K hobby income in TurboTax Online, follow these directions.
The entry will be reported:
At the top of Schedule 1, note the amount reported in error or for personal items sold at a loss.
Hobby income expense is not allowed to be reported.
This also happened to me. I reported it to FTC. The more reports they receive about Block, Inc. aka CashApp the more likely they will be investigated for poor business practices. I also reported it as identity theft what local law enforcement. I would suggest doing the same as well
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