Article Excerpt:
True business transactions. Many reporting platforms are inconsistent on business transaction reporting. Some will report your income twice, once on a 1099-K and again on another form (1099-MISC or 1099_NEC). You must actively monitor this information.
Infrequent users of places like eBay, Etsy and Amazon are now in business when payments received are more than $600. Be prepared to crate a business tax return on Schedule C of your Form 1040.
