Wrong Address on 1099-K

Forum|Forum|5 years ago
January 25, 2021
1 reply
24 views

I just received a 1099-K from PayPal and they used an outdated address. I tried calling to get it corrected and have had no luck so far. It looks like a lot of others have had the same issue. Does this need to be corrected? All other info including earnings, name, and SSN are correct - Just an outdated address that they pulled from an old billing address.

Thanks!!

CatinaT1

Level 15

No, this does not need to be corrected. Since everything else is correct you just proceed as if the address is correct.

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JKalabokisAuthor

Level 2

Thanks so much! When I report it, will I need to enter the address as shown on the form or the correct address?

Appreciate your help

CatinaT1

Level 15

Either is fine as it will not impact your return. If you enter the address shown, I think TurboTax will just give you a reminder that the address is not the same as the one on your return and to update it with the payer. As a tax preparer, I never pay any attention to the address listed on the forms for my clients.

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