Where Do I Report Form 1099-K on My Tax Return?

For other videos covering Form 1099 filings, please see our playlist:

Form 1099-K is issued by a payment settlement entity (PSE) to an individual or entity that is engaged in trade or business and uses the PSE to process payments for its account.

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#Taxes #IRS #Form1099K

[JasonDKnott]

For a guide on how to report payments related to the sale of personal use items:

[mtcreations]

Clear as mud. I'm an independent contractor as a delivery driver. Just received CP2000 because the of Third Party Network Transactions 1099-K for 2019 amount was not reported on my Tax return. Now I have to deal with the IRS for the first time.

[carlcolorado]

Might need to update with new video. It's $600 now

[CelideYoneda]

Thank you so much for this amazing video! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?

[skyman]

Can you do a video about how to navigate on third party platforms on taxes and 1099k

[MrAmitozGlitcher]

on Form 1099k, Do I enter the 1a. Gross/ammount of payment card/ third party network transactions as the income? or the Federal Income Tax witheld?

[pitamccrush]

HI! Thanks for sharing.. i just received my first 1099 as well from paypal. I'm really lost on what to do next? where should i file it? and it says due on January 31? Thanks a lot i hope to hear from you.. God bless!

[slipnfall]

This is great and all but if you don't have a business and live in a state with lower reporting limits we're stuck dealing with this. I don't own a business - sold $800 worth of used stuff on eBay, essentially todays form of a garage sale. All losses. There has been little to no guidance on how to reconcile this number for the average "Joe".

[mwa]

What about Box 1b? I have two different amounts for box 1a and 1b. Do they get added together for the total? Or is 1b included in 1a?

[theumbrellaman]

If you received a 1099-k but did not meet the minimum threshold of 200 transactions and $20, 000 (I was well under this threshold) in sales are you still required to file for that?

[SayItKey]

Hello Jason, for gross would that be the shipping, commission fees, and taxes. Or the total cost of sales, shipping the buyer paid and taxes.

[gustavogustavo]

great and informative video! So all in all, report actual gross income, then deduct any PayPal fees, supplies that one personally bought for their business, refunds? gross-deductions=actual gross?

[bboyem]

Ok in confused i got a 1099-k from my crypto compay I used to buy but the gross they pull doesn’t even come close to what I made or have on my account . But I mean not even close we talking about 160k different so how is that possible ? The only way is that they made a huge mistake

[mls]

Hi, thank you for video on 1099k . Have reporting requirements changed for 2022? Selling on eBay profiting 3100.00. Minus shipping.
How do I find out if I owe the IRS for profit?

[miamya]

Hi Jason, I resold some things I bought and got a 1099 k for a little over 2k. My husband and I are filing joint. How do I report my costs for the items?

[johnbs]

I got a 1099-K and a 1099-NEC from Uber do I just add them together and report the gross amount on line 1 of schedule C?

[mohammadalamgir]

How do calculate Uber mileage for schedule C

[Mjs]

Hi Jason, do i need to report 1099 K in 990 T in case of Non Profit Organization?

[anujtimung]

Hi Jason.
I got 1099K form from Airbnb (met $20 k but less 200 transaction), will Airbnb report this earning to IRS? Also can you make a new video on new threshold of $600 ??

[importexportleftover]

I am from New Jersey and doesn’t match with $20, 000 threshold or 200 transactions... still etsy send me form K-1099. What should i do? I am an individual seller...