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July 5, 2021
Question

Forgot 1099K 2020 return

  • July 5, 2021
  • 1 reply
  • 0 views

I'm active Navy stationed in VA but a FL resident. I completely forgot about my 1099K for paypal just looked it has over $700 for 2021 in 1a for gross amount. Do i need to ammend my taxes. I'm concerned I need to add it.

1 reply

Critter-3
July 7, 2021

If you did not already enter this amount on the Sch C when you filed  then you must amend the return AFTER the IRS had fully processed the original return. 

 

 

July 7, 2021

I looked at VA excluded from gross income if selling items at personal loss. would i still need q 1099K