Get your taxes done using TurboTax
The software wants you to report additional information about a self-employment activity on Schedule C Profit and Loss from Business.
When you entered IRS form 1099-K income, you selected Self-employment income at this screen.
The software wants you to report additional information about your self-employment activity at:
- Federal
- Wages & Income
- Self-Employment
- Self-employment income and expenses
Or you may want to delete the IRS form 1099-K and start over.
You are able to remove the form by:
- Down the left side of the screen, click on Tax Tools.
- Click on Tools.
- Click on Delete a form.
- Find the form listed and click Delete to the right.
To report an IRS form 1099-K as Self-employment income, follow these directions.
- Down the left side of the screen, click Federal.
- Down the left side of the screen, click Wages & Income.
- Click Show more to the right of Other Common Income.
- Under Your income and expenses, click the Edit/Add button to the right of Form 1099-K.
- At the screen Did you get a 1099-K? click Yes.
- At the screen How would you like to enter your 1099-K? click Type it in myself. Click Continue.
- At the screen Choose which type of income your 1099-K is for, select the button for Self-employment income. Click Continue.
- At the screen Let’s get the info from your 1099-K, enter the information. Click Continue.
- At the screen Your Self-employment 1099-K income, you enter further information for the Self-employment income. Click Continue.
- At the screen Your 1099-K summary, notice that the income relates to Self-employment income. Click Done.
The entry will be reported:
- on Schedule C of the Federal 1040 tax return, and
- on Schedule SE of the Federal 1040 tax return, and
- on line 3 of Schedule 1 of the Federal 1040 tax return, and
- on line 8 of the Federal 1040 tax return.
Additional information about your self-employment income and Schedule C will need to be entered.
