zombitroid
Level 3
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you deduct it as an "other expense" for your business
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Thank you! I just talked to paypal on the phone - they confirmed that the paypal 1099-K includes the GROSS sales amount for all transactions for "goods and serv...
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Update: they agreed to recharacterize the income as box 3. Anything else I should know going forward to report this box 3 income now? will turbo tax let me avoi...
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I will ask my issuer to recharacterize as box 3, I'm not sure if they will do itAre you sure there is no way to recharacterize the box 6 income as just miscella...
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I'm trying to avoid the self-employment / business tax, and just pay normal taxes on this income
Activity Feed for zombitroid
- Posted Re: 1099-K: does the amount shown in BOX 1A include sales tax collected? (paypal 1099-K) on Get your taxes done using TurboTax. April 13, 2025 10:32 AM
- Posted Can't import webull financial trades / tax forms into turbo tax deluxe desktop on Get your taxes done using TurboTax. February 24, 2025 1:09 PM
- Posted Re: 1099-K: does the amount shown in BOX 1A include sales tax collected? (paypal 1099-K) on Get your taxes done using TurboTax. February 13, 2025 3:35 PM
- Posted Is paying $99 / year for a stock recommendation service ( like the motley fool ) deductible on taxes? on Get your taxes done using TurboTax. February 13, 2025 2:57 PM
- Posted 1099-K: does the amount shown in BOX 1A include sales tax collected? (paypal 1099-K) on Get your taxes done using TurboTax. February 13, 2025 2:06 PM
- Posted Re: Do I have to report 1099-MISC box 6 as self employment income? If not, where do I enter the i... on Get your taxes done using TurboTax. February 12, 2025 9:55 AM
- Posted Re: Do I have to report 1099-MISC box 6 as self employment income? If not, where do I enter the i... on Get your taxes done using TurboTax. February 9, 2025 10:19 PM
- Posted Re: Do I have to report 1099-MISC box 6 as self employment income? If not, where do I enter the income? on Get your taxes done using TurboTax. February 9, 2025 4:11 PM
- Posted Do I have to report 1099-MISC box 6 as self employment income? If not, where do I enter the income? on Get your taxes done using TurboTax. February 9, 2025 4:07 PM
- Got Cheered for eBay and paypal 1099-K for eBay and paypal resellers - how to enter income / expenses into turbo tax ?. February 7, 2025 10:47 AM
- Got Cheered for Re: eBay and paypal 1099-K for eBay and paypal resellers - how to enter income / expenses into tu.... February 7, 2025 10:46 AM
- Posted Re: how would you recommend deducting utilities for my reselling business home office? on Business & farm. February 6, 2025 11:10 AM
- Posted Re: how would you recommend deducting utilities for my reselling business home office? on Business & farm. February 4, 2025 10:13 AM
- Posted how would you recommend deducting utilities for my reselling business home office? on Business & farm. February 3, 2025 1:52 PM
- Posted Re: How does filing form 3115 affect my 2024 taxes? on Business & farm. January 31, 2025 12:44 PM
- Posted Re: if my 1099-Ks are my sole revenue for my resale business, do I enter those into turbo tax and... on Get your taxes done using TurboTax. January 28, 2025 10:50 AM
- Posted Re: if my 1099-Ks are my sole revenue for my resale business, do I enter those into turbo tax and... on Get your taxes done using TurboTax. January 28, 2025 10:29 AM
- Posted if my 1099-Ks are my sole revenue for my resale business, do I enter those into turbo tax and then ZERO for the "income and sales" in the Business Income section? on Get your taxes done using TurboTax. January 28, 2025 10:15 AM
- Posted Re: eBay and paypal 1099-K for eBay and paypal resellers - how to enter income / expenses into tu... on Get your taxes done using TurboTax. January 27, 2025 10:21 PM
- Posted How does filing form 3115 affect my 2024 taxes? on Business & farm. January 26, 2025 2:48 PM