Do all of the proceeds of the IRS form 1099-K flow to your self-employment activity reported on Schedule C Profit or Loss From Business?
If that is the case, is the IRS form 1099-K reported from within the self-employment activity? The problem may originate from the form being reported from outside of the self-employment activity.
In TurboTax Premier Online, report the IRS form 1099-K as follows:
- Down the left side of the screen, click Federal.
- Down the left side of the screen, click Wages & Income.
- Click on the drop down arrow to the right of Self-employment.
- Click to the right of Self-employment income and expenses.
- At the screen Your 2024 self-employed work summary, click Edit.
- At the screen Here's your info, select Add income for this work.
- Select Form 1099-K.
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