Akilah sold her hot tub that she originally purchased for $8,500 to her neighbor, Jamal,...
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Accounting
Akilah sold her hot tub that she originally purchased for $8,500 to her neighbor, Jamal, for $5,000. Jamal paid her using a payment app. Even though not required to do so, the app sent Akilah a Form 1099-K reporting the $5,000 payment. How will Akilah's tax preparer need to report this payment
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