It is not uncommon to receive multiple 1099-Ks from both platforms and payment processors. To avoid “double counting” revenue, its important to list payments sent to or shared with other teammates on your tax return. You are only taxed on your income after all expenses are deducted.
Stir partners with tax experts to help our managers and creators prepare their returns. Email jess@usestir.com if you would like to be connected with a tax prep expert!
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What is 1099-K?