My wife gets paid by check and PayPal and cash. Some clients send her a 1099 misc. PayPal sends her a 1099 K. All the money reported on 1099 MISC is included in the money reported by PayPal, or the General Income reported on schedule C. How do I avoid double counting that income on the 1099 misc? I notice turbotax adjusted my taxes due when I entered the 1099 misc. Should I just subtract that before I enter income on schedule C? What if it is all PayPal payments, and I have to report the income both with the 1099 K from PayPal, and the 1099 misc from the client? Seems like I am paying tax twice on the same money.
posted
last updated
June 03, 2019
10:38 AM