The entries are similar.
In TurboTax Desktop, access self-employment income and expenses by following these directions:
- Across the top of the screen, click Federal Taxes.
- Across the top of the screen, click Wages & Income.
- Select I'll choose what i work on.
- Click to the right of Business Income and Expenses.
- Click to the right of Self-employment income and expenses (Sch C).
- At the screen Business Summary, select Edit to the right.
- At the screen Any 1099-NEC Income, select Yes.
Report the IRS form 1099-K:
- Across the top of the screen, click Federal Taxes.
- Across the top of the screen, click Wages & Income.
- Select I'll choose what i work on.
- Click to the right of Income from Form 1099-K.
- At the screen Which type of income is your 1099-K for, report the IRS form 1099-K proceeds as Other.
- Select This amount in box 1a is too high.... and report the full amount.
The amount in box 1a should be reported on Schedule 1 Additional Income and Adjustments to Income as an amount reported to you on form 1099-K that was included in error.
@Dfery
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