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$20,000 threshold to obtain a 1099-K. I live in Texas

I didn't meet the $20,000. Which form am I going to use to file my federal taxes?

Thanks!

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2 Replies
DaveF1006
Expert Alumni

$20,000 threshold to obtain a 1099-K. I live in Texas

You don't need a 1099-K to enter your self-employment information. To enter your self-employment income and expenses.

  1. Sign in to TurboTax.
  2. Click on the orange Take me to my return button.
  3. Go to Income and Expenses
  4. Then go to self-employment income>self employment and expenses>start
  5. Answer the questions on the screen regarding your business profile.  
  6. After your business profile is set.
  7. To enter your income, scroll down to Business Income. Click Start/Update. Click Start/Update next to General Income. Here you will enter your income.  Since you don't have a 1099-NEC or 1099-K, you will enter it as other income and can put cash, checks, etc as the source.
  8. To enter your business expenses, scroll down to  Business Expenses, Other Common Business Expenses. Click Start/Edit. 
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$20,000 threshold to obtain a 1099-K. I live in Texas

Actually you can just enter it as Other self employment income or as Cash or General income.  You should be keeping your own records.  You don't need to get a 1099NEC or 1099Misc or 1099K.  Even if you did you can enter all your income as Cash.  Only the total goes to schedule C.

 

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

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