Side Hustle & Gig Income
“I got a 1099-K from Zelle but it was mostly friends paying me back, now what?”
A 1099-K from Zelle can be confusing when it includes both personal repayments and money tied to side hustle activity. The key issues are often how the payments were actually used, whether any part was for goods or services, and how well the underlying records separate personal transfers from business income. In many cases, the payer descriptions, bank statements, invoices, and message history help show what was repayment versus taxable receipts. The reporting form itself does not always tell the full story, so the surrounding facts usually matter most when sorting out the tax treatment. Working through the specifics with a CPA is the cleanest way to land on the right move.
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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