Our 1099-K amounts were entered into Other Income on Schedule F, instead of Line 2. Can you direct Turbo Tax to enter the 1099-K amounts into a specific line?

If I click into the Schedule F form, Line 2 is in blue and can be edited. However, the 1099-K amount entered under Other Income is in black ink and cannot be edited. Is there any way to enter that information in the 1099-K forms so that it populates those amounts on the correct line?

121

Level 7

Feb 23, 2023 11:55:07 AM

Yes. Entering information directly to the forms is not recommended. 1099-K should be enter in subsection " Farm Income Report on 1099-K." The entries for the 1099-K income will appear on line 7 of Schedule F.

To post a 1099-K for a farm in the Home & Business program go to.

Business > Continue.
I'll choose what I work on.
Select Farm Income & Expenses.
Choose I have income from operating a Farm. …
Select your Farm.
Scroll to Farm Income.
Select " Farm Income Reported on 1099-K.
On the screen, "Did you get a 1099-K?", select "Yes".

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Our 1099-K amounts were entered into Other Income on Schedule F, instead of Line 2. Can you direct Turbo Tax to enter the 1099-K amounts into a specific line?