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12-27-2023
09:47 AM
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Hi,
I have a restaurant client with 1099-Ks from credit card processing companies and delivery companies such as Uber Eats, Doordash, etc. The 1099-Ks given out include sales along with processing fees, shipping fees, commissions, etc. For the client's business return, does the Line 1a Gross receipts or sales need to match the 1099-K amounts or is it ok if Line 1a just reports the gross sales?
Is there any publications from the IRS on this?
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