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do I ADD another income from card processor co that didnt send a 1099 k?

card processor income under $20,000
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2 Replies

do I ADD another income from card processor co that didnt send a 1099 k?

Yes, you enter all income received for self-employment even if you did not receive a Form 1099-K, 1099-NEC or a 1099-MISC.  Enter it as cash income.

SharonD007
Expert Alumni

do I ADD another income from card processor co that didnt send a 1099 k?

Yes, add the income. Not receiving a 1099-K, 1099-NEC, or 1099-MISC does not mean you can skip reporting the income. You are still responsible for reporting your income and expenses on your tax return.

 

Since you did not receive a Form 1099-K, report the income under self-employment income and expenses. Follow these steps:

  1. Open or continue your return
  2. Search for schedule c and select the Jump to link in the search results
  3. Answer Yes to Did you have any self-employment income or expenses?
    • If you've already entered self-employment work and need to enter more, select Add another line of work
  4. Follow the on-screen instructions
    • when you get to the screen “Let’s enter the income for your work”
    • select Other self-employed income which is money you made that wasn’t reported on a form
    • Enter the description and amount.

For additional information, refer to TurboTax article Reporting Self-Employment Business Income and Deductions.

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