1099k

Forum|Forum|7 years ago
June 19, 2019
5 replies
53 views

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

DoninGA

Level 15

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/01/26765

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

Level 2

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

RobertG

Level 12

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

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NEWIDAD

Level 3

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

Level 15

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: