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Incorrect 1099_k. Can’t seem to get hold of anyone to correct
Charged tax on two items…one was returned and I received a refund. On the second order, I received an empty box and received full refund.
Auto attendant was stumped. At 3:30 EST, no answer as it is not regular business hours.
Any suggestions on how to rectify my 1099?
Appreciate any assistance.
1 comment
golfingaddict
Mentor1 year agoI'm not sure what you are referring to.
You receive a 1099-K on items you sell, not on items you buy.
If you were charged sales tax, that would have been refunded when you got a refund on the item. That has nothing to do with your 1099-K
If you are actually referring to items you sold and refunded, that is a different process.
When you get your 1099-K it includes the items that were sold and payment received.
The refunds you gave are reconciled on your tax form when you put in your expenses.
If you need help with that, you need to speak to a tax specialist to help you file your business return.
But if your 1099-K reported those sales, the 1099-K is correct and does not need to be fixed.