RollTide68
Level 8
03-04-2020
08:17 PM
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Just a suggestion:
Fill out the 1099-K as other income and at the bottom of the worksheet you can make an adjustment equal to the amount on the 1099-K. Effectively zero'ing out the income. it will flow to the other income section under 1099-K income.
Add a Miscellaneous Statement form and explain your rational for the adjustment (gifting)
my $0.02