rbynaker
Level 13
12-07-2019
02:46 AM
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While I agree, 1099-K forms are fairly useless (other than as a breadcrumb to some transaction which may or may not belong on a tax return), the IRS does use this information in their automated under-reporting system. I've seen several IRS letters based on 1099-K info. So I certainly understand the desire to head them off at the pass.