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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:
- Within your return, click on Tax Tools in the black menu on the left side of the screen.
- Click on Tools.
- Click on Delete a Form.
- Scroll down to your Form 1099-K and click Delete.
- 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:
- Open or continue your return
- Search for Schedule C and select the Jump to link in the search results
- 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
- On the Tell us about other self-employed income for your work screen, enter your 1099-K info
- 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.
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January 26, 2023
7:10 AM