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Get your taxes done using TurboTax
@Critter-3 wrote:
Excellant ... glad the program is addressing this 1099-K issue that many will find themselves caught up in this year.
I agree, @Critter-3. However, I believe the developers should have provided an option to select a line that indicates the amount listed on the 1099-K is not taxable (i.e., a 100% offset).
For example, in the case of a gift (loan repayment or whatever), the taxpayer needs to enter an offset and there is no way to do that with the choices provided on the 1099-K screen. Hopefully, they will add such a line in a future update.
‎November 27, 2022
8:05 AM
221 Views