Client received a 1099-K from PayPal that was for a payment issued by his insurance company for damage caused by a tree falling on his home. Pro-series is treating this as if it was a payment made for a purchase or business transaction. Is there a way to record the money then pull it back out? I found one article that say's on Sch 1 put the figure in and it cancel's, tried that but it didn't work. Any and all feedback is welcome.
See your doctor after April 15. Might be a case of creeping fuddy-duddyism.
"PayPal’s comprehensive online payments solution is a way to help accelerate digital transformation. PayPal can help insurers deliver an intuitive compensation experience that meets modern policyholders’ expectations for convenience, security, and speed, all while streamlining operations and reducing overhead costs."
