Side Hustle & Gig Income
“I got a 1099-K from Cash App but it was mostly friends paying me back, now what?”
A 1099-K from Cash App can create confusion when the activity was mostly personal reimbursements rather than business receipts. The main factors are often how the payments were labeled, whether the transfers were for goods or services, and whether the app’s reporting matches the actual mix of personal and income activity. In many cases, the key issue is documenting which amounts were friends paying you back and which, if any, were tied to side hustle work. Accurate records, transaction notes, and bank statements often matter when reconciling the form to your tax return. A CPA who reads your specifics can usually tell you, in plain English, where this lands.
In your 30-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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