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Solved

Sole Proprietorship. Ran my own credit card thru my business cc machine to cover some expenses. That $ was reported as income on my 1099K. How do I show it's not income?

Forum|Forum|7 years ago
June 6, 2019
2 replies
26 views

Do not want to pay taxes on money that was not actually income, but as sole proprietorship, I'm not sure how to do this.

TurboTax Self Employed Online

Best answer by

You are allowed to adjust your records for gross receipts on the 1099-K that were not income, in the income section of Turbotax, you can enter the non-income amount in the Income you gave back line, or click here for instruction to enter 1099-K into Turbotax.

A

Anonymous

Answer

You are allowed to adjust your records for gross receipts on the 1099-K that were not income, in the income section of Turbotax, you can enter the non-income amount in the Income you gave back line, or click here for instruction to enter 1099-K into Turbotax.

gatehealingAuthor

Level 2

Thanks Richard!