Love4god
Level 1
06-02-2021
10:25 PM
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George4Tacks
Level 15
06-04-2021
09:30 AM
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I guess it would be like wearing a belt AND suspenders.
Answers are easy. Questions are hard!
qbteachmt
Level 15
06-04-2021
12:49 PM
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The concern would be that a 1099-K is triggered based on the amounts or number of payments, + yours, and the data is double-reported for these payments. I would not bother to spend the time doing the reporting that is not required, for that reason.
I had a client that would use the top and bottom halves of the one 1099-Misc page for reporting to me, and I pointed out this is double reporting. He thought it was the same as the way the W2 is laid out.
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Don't yell at us; we're volunteers