[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-10287":3},{"rec_id":4,"title":5,"text":6},"10287","Do all 1099-Ks have to be reported?","\u003Ci>Form 1099-K\u003C/i> shows electronic payments you received from a third-party network such as credit cards, debit cards, Venmo, PayPal, and so forth.\n\u003Cbr>\u003Cbr>\nIf you drove for a ridesharing service such as Uber or Lyft, sold items online, or own a business that accepts credit or debit card payments, there's a chance you'll get a \u003Ci>1099-K\u003C/i>. Amounts for your business need to be reported on your return.\n\u003Cbr>\u003Cbr>\nHowever, you may also receive a \u003Ci>1099-K\u003C/i> if you received electronic payments for personal reasons. These non-business payments wouldn't need to be reported as taxable income unless you \u003Ca href=\"/freefile2025/answers?faq=10581\">sold personal property\u003C/a> for a gain. For example, if you used a payment app (like Venmo or PayPal) to split the cost of a restaurant meal among friends, that wouldn't be taxable income and shouldn't be included on a 1099-K. \n\u003Cbr>\u003Cbr>\nSome third-party networks will only send you a \u003Ci>1099-K\u003C/i> if you're using a business account, but some third-party networks aren't able to tell the difference between business and personal payments. If you receive a \u003Ci>1099-K\u003C/i> with a mix of business, rental, and personal payments, you'll need to contact the issuer of your \u003Ci>1099-K\u003C/i> and request a corrected \u003Ci>1099-K\u003C/i> that doesn't include the personal payments. \n\u003Cbr>\u003Cbr>\nSimilarly, if you only had personal transactions on your 1099-K that weren't for the sale of personal property, then you should contact the form issuer immediately to request a corrected form that shows $0. \n\u003Cbr>\u003Cbr>\nIf the issuer of your 1099-K won't correct the form, you can report this in your account by going to Menu Path: \u003Ci>Income > Business / Rental Income > 1099-K Income\u003C/i>. At the bottom of that page, answer \u003Ci>Yes\u003C/i> to the question asking, \"Did you receive a 1099-K that's incorrect?\" You can enter the amount that was incorrectly reported on your 1099-K on the following screens. \n\u003Cbr>\u003Cbr>\n\u003Ca href=\"/freefile2025/answers?faq=10286\"> Where would I report 1099-K information?\u003C/a>",1777391495118]