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Question 6 of 1 5 . Darsh received a Form 1 0 9 9 - K , Payment Card and Third Party Network Transactions, reporting
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Darsh received a Form K Payment Card and Third Party Network Transactions, reporting income for services rendered on a onetime basis to a neighbor, but it also included some personal reimbursements from family members for dinners at restaurants. How should this be reported on his tax return?
All income reported on Forms K must be reported on Schedule C Form Subtract the nontaxable portion as an expense in Part II
Include the gross amount from the Form K on Schedule line z using a detail statement and subtract the amount that is not taxable on Schedule line
Report only the taxable portion on Schedule line The nontaxable amount should not be reported.
Report the gross amount on Form line Report the nontaxable portion as a miscellaneous itemized deduction on Schedule A Form
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