Help Reconciling 1099K

SleepyMountain
Contributor
Contributor

Does anyone know the answer to this question? I've tried to call, message, and email Paypal but can't get through to an actual human.

 

I send all of my invoices out through Paypal but sometimes people pay by check and I record the payment on my invoice and mark it paid.  Are payments by check included in the amount on my 1099K?

 

Thanks so much!

 

Christine

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@SleepyMountain 

 

No, they would not so they have to be reported with your general income. Please consult a tax professional for the way to report that income. Apparently they only count the transactions where the payment was processed through PayPal. Not mailed in payments.


Kudos & Solved are greatly appreciated. 🙂

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@SleepyMountain 

 

No, they would not so they have to be reported with your general income. Please consult a tax professional for the way to report that income. Apparently they only count the transactions where the payment was processed through PayPal. Not mailed in payments.


Kudos & Solved are greatly appreciated. 🙂
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