You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...

"Whether or not you receive a Form 1099-K," the IRS states online, "you must still report any income on your tax return. This includes payments for any goods you sell (including personal items such as ...

On Schedule C of the amended return, adjust the income downward to what it should be, and then include a note on the amended return in the comment section, something such as, "1099-K income was ...

A 1099-K form is a relatively new IRS income tax form that freelancers and business owners who earned more than $5,000 through third-party payment platforms in 2024 may receive.