1099K form inaccurate
Snider68
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Posted on
Jan-30-2018
04:26 PM
This is my first time receiving a 1099K form. I sold a watch for my Dad ($7,200) and the buyer had an issue with his payment and he paid me 2 times. I refunded the first payment. My 1099K reflects both payments pushing me over the $20,000 limit. The refunded payment should not be considered income as I refunded it. How do I go about getting the 1099K corrected?
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Whac-A-Mole
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Jan-30-2018
05:09 PM
1099k shows gross receipts,you have to deduct any returns,chargeback.refund and sales tax

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