Side Hustle & Gig Income
“I got a 1099-K from PayPal but it was mostly friends paying me back, now what?”
A PayPal 1099-K that includes mostly friends reimbursing you can create a mismatch between the form and the actual nature of the payments. The key issues often are how the transactions were labeled, whether any part of the activity was really payment for goods or services, and what supporting records exist, such as notes, messages, or bank transfers. In many cases, the reporting form reflects gross payment activity rather than taxable income, so the details matter. The timing of the payments and whether they were personal reimbursements or side hustle receipts can also affect how the information is reviewed. A focused session can map this against your actual situation in plain English.
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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