Honestly the 1099k isnāt worth the paper itās printed on. It shows cc transactions and thereās no way to cross check it unless your total
revenue is less than the cc payments, and I donāt think they are checking that.
mainly gig economy issues, paypal,ebay,venmo etc
https://www.irs.gov/businesses/understanding-your-form-1099-k
Discussion
How many people are going to be unable to rectify their lightning transactions anyways and be forced to say they didnāt sell bitcoin on their taxes?
Honestly I donāt fucking get it.
How in the world would we be able to track all this anyways?!
I know itās a tangent, but in the same vein Iām honestly so confused with the IRS rn