AliciaP1
Expert Alumni

Get your taxes done using TurboTax

You need to delete the form and re-enter it to be sure it is correctly "attached" to your Schedule C information.  

 

To do this in TurboTax Online you can follow these steps:

  1. Within your return, click on Tax Tools in the black menu on the left side of the screen.
  2. Click on Tools.
  3. Click on Delete a Form
  4. Scroll down to your Form 1099-K and click Delete.
  5. Under Federal in the black menu bar click Wages & Income to get back into your tax returns.

To re-enter your 1099-K in TurboTax Online you can follow these steps:

  1. Open or continue your return
  2. Search for Schedule C and select the Jump to link in the search results
  3. Answer the questions about your business. On the Let's enter the income for your work screen, select Other self-employed income
    • If you’re returning to Schedule C, select Review or Edit next to your work and then answer the questions about your business
  4. On the Tell us about other self-employed income for your work screen, enter your 1099-K info
  5. Select Continue when finished

When you are entering income from a 1099-K, remember that it reports the gross amount of the transactions. It doesn't include any adjustments for credits, refunds, discounts, or fees. You’ll have a chance to enter self-employment expenses in another part of your return.

 

@lefty954

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