1099k

[Wy115]

I am having trouble accessing the home page to enter in my 1099k

[DoninGA]

See this TurboTax support FAQ for entering a Form 1099-K - https://ttlc.intuit.com/community/entering-importing/help/how-do-i-enter-a-1099-k-in-turbotax-online...

When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.  

This will take you back to the 2018 online tax return.

[smothertucker]

Is a 1099K able to be used as a QBI??

[RobertG]

Yes, depending on what you were paid for, and how you reported the income.  

For example, if the 1099-K is entered as income on a Schedule C as self-employment income, then the net income from that self-employment would figure into the QBI calculation.

@smothertucker

[NEWIDAD]

If one receives 1099-K from a clearing house for Bitcoin and there is a capital gain relative to the amount that initially went in, can one manually enter this as Cap Gain in Schedule D?   Thanks

[JohnB5677]

I do not recommend making direct entries into individual forms.  It is better to post in the step by step area and then view FORMS to confirm the result.  A 1099-K does not have a specific area to enter it.  It is included in other income.  Therefore,  you will post your bitcoin information in the investment area.

You should go to:

1. Income
2. I'll choose what I work on
3. Scroll down to investment income
4. Select Stocks, Mutual Funds ...
5. Yes you sold investments
6. No you did not get a 1099-B
7. Select Everything Else
8. Post dates and values