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Level 4
February 3, 2024
Question

Form 1099-k

  • February 3, 2024
  • 1 reply
  • 6 views

I have a client that received 1099-k from paypal for ticket sale proceeds. I entered the info as other income and checked the box saying that the amount was incorrectly reported as it was not all income on the federal return. When I go to the Mass. state return the gross income, not net is reported as income on Schedule x. The federal took the net income correctly. Any ideas? Thanks!

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    1 reply

    billr617Author
    Level 4
    February 3, 2024

    As an update, if I check the hobby income box the amount does not transfer to Mass. but the Schedule 1 on the federal return does not populate the figures form the 1099-k.