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I'm a small business owner who will be filing my taxes next month. I received the Paypal 1099-K form earlier this year and have a number of questions about it, as it appears to show transactions that were not actual income (e.g. I collected fantasy football payments via Paypal, but all of the money collected gets paid back out). Also, I have a few situations where clients paid me via Paypal but also provided 1099 tax forms of their own... so I'm effectively paying tax on the same income twice, and I need to know how to avoid this.
Have scoured the Internet for answers on this to little avail. Am hoping to hire a US-based accountant for assistance on this issue. You would likely serve in a consulting role and I'd likely need about an hour of your time. Please bid accordingly.
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