ErnieS0
Expert Alumni

Get your taxes done using TurboTax

Here's how to zero out your Form 1099-K for your high school reunion tickets:

 

  1. Type 1099-k in Search (magnifying glass) in the upper right
  2. Tap Jump to 1099-k
  3. On “Did you get a 1099-K?" say Yes
  4. On Choose which type of income your 1099-K is for," select Other
  5. On "Let's get the info from your 1099-K" enter your info and check the box This amount in box 1a is too high or includes some personal transactions.
  6. Enter the Box 1a amount in the box Enter the amount that shouldn't be included to zero out the form.

The amount will be reported on Form 1040, Schedule 1, Part I, line 8z.

 

@catorina 

 

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