Get your taxes done using TurboTax
I'm not sure what you mean by "Investments and Savings", but the income you enter from Form 1099-K can go to different places on your return, depending on which category you chose on the screen that says Which type of income is your 1099-K for? Investment income such as interest, dividends and capital gains are not reported on a Schedule 1099-K, they would be on a Form 1099-INT, 1099-DIV or 1099-B. That income would appear on your Form 1040 on lines 2, 3, or 7.
For instance, hobby income would flow to Schedule 1, line "J". Personal items for sale at no gain would be listed at the top of Schedule 1 but the amount would not be listed as taxable on your tax return. Real estate rentals would appear on Schedule E., self-employment income on Schedule C, Farm income on Schedule F, farm rentals on Schedule E.
If you could clarify which option you chose we can help you better.
To view your form 1040 and schedule 1 to 3:
- Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
- Choose Tools
- Choose View Tax Summary
- See the Preview my 1040 option in the left menu bar and click on it
- Choose the Back option in the left menu bar when you are done
