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Get your taxes done using TurboTax
That sounds like you were running a business with those numbers, to go on Sch C. You can enter the income and expenses on Sch C. See Where do I enter Schedule C?
You will split up the 1099-K and enter the form twice but with the numbers apportioned.
For example: 1099-K of $15,000. Enter the $10,000 on the business and the rest elsewhere.
- Enter just the portion that relates to the business on Sch C.
- Enter the remainder of the income as explained by @DianeW777 here.
If this didn't answer your question, please reply with more information.
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‎February 19, 2025
2:12 PM