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Question 1 of 7. Sutton's parents celebrated their 50th anniversary. Sutton and his siblings held a celebration party for them. Sutton siblings reimbursed him for
Question 1 of 7. Sutton's parents celebrated their 50th anniversary. Sutton and his siblings held a celebration party for them. Sutton siblings reimbursed him for their portion of the expenses. Sutton received a Form 1099-K for the reimbursement. Ho achieve proper pricing? O It's a reimbursement and not reportable. O Enter it directly on Schedule 1 (Form 1040), line 8z. O Enter the Form 1099-K information on the input screen and carry income to Schedule 1 (Form 1040), line 8j, Taxable O Enter the Form 1099-K information on the input screen and carry income to Schedule 1 (Form 1040), line 8z, Other portion. O Mark for follow up
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