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Get your taxes done using TurboTax
You are not required to enter a 1099-K specifically into your tax return as long as all the income is reported correctly.
To enter your self-employment income without the 1099-K specifics you can follow these steps:
- Open or continue your return in TurboTax
- Search for self employed income (use this exact phrase, don't add a hyphen) and select the Jump to link at the top of the search results
- Answer Yes on the Did you have any self-employment income or expenses? screen
- If you land on the Your 2022 self-employed work summary page, select Review next to the work you're adding income for
- Answer the questions on the following screens until you arrive at Let's enter the income for your work
- Scroll down to the Income section and click Add income for this work
- Choose Other self-employed income and Continue
- Here you would enter the $280 plus any other general income you earned in your business.
To report the personal item sales you can follow these steps:
- Search for 1099-K and select the Jump to link at the top of the search results
- When you get to the Choose which type of income your 1099-K is for screen select Personal item sales and Continue
- For box 1a only enter the $700 you identified in your question
- Click Done
- Go back to the Wages & Income screen and click Edit for Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto)
- Click Review for the 1099-K you entered and here you can enter the expenses and details for the items you sold
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‎February 4, 2023
12:14 PM