You are entering an IRS form 1099-K income which reports rental property income into your rental activity on IRS Schedule E Supplemental Income and Loss.
Is the income posted outside of the rental property activity and directed towards the rental property activity? I would enter the form from within the rental property activity.
In TurboTax Premium Online, follow these steps:
- Down the left side of the screen, click on Federal.
- Down the left side of the screen, click on Wages & income.
- Click to the right of Rentals, Royalties, and Farm.
- Click to the right of Rental Properties and Royalties.
- At the screen Your 2024 rentals and royalties summary, click the pencil icon.
- At the screen Here's rental property info, select Add income to report rental income.
- If you select Form 1099-K and have the same issues, remove this entry and report the same income using the selection Cash, check, and electronic payments.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
