You do have the basic idea, but I can clear it up for you.
- You will enter each of the 1099-K's separately.
- You will then consolidate them into one business,
Under Federal: Go To
- Wages & Income
- Scroll down to Self-employed [Show More or Revisit]
- Post, or select your line of work.
- Continue the Interview to Did you have any more self-employed income for work? - [Yes]
- Let's enter any additional income for your work.
- Select Form 1099-K, for electronic payments from processing companies.
- Complete the posting of the K-1s and move forward through the rest of the interview.
Reminder: When you're in TurboTax, and you're not sure of something, select the (?) next to the topic for more information.
If this does not completely answer your question, please contact us again and provide some additional details.
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