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Get your taxes done using TurboTax
RobertB,
Thanks again for your continued support. I certainly do not want to be penpals with the IRS and would like to get it accounted for on the 1040. I'm having a bit of trouble with en
In EZStep Mode, Federal Taxes, Wages&Income, I enter both Airbnb and VRBO 1099-Ks into the "Income from Form 1099-K". My taxes owed jump higher.
Now in Forms Mode, I click on the 1099-K Wks (AIRBNB) and at the bottom of that form it has a 1099-K Reconciliation section. On 2a, I clicked on Incorrectly reported amount and selected all. This seems taxes my taxes back down to the the expected amount.
Will this work (avoiding being penpals with the IRS)?
If not, I have tried to get into Schedule C and make edits as instructed, but I can't seem to figure out the mechanics of it. Do you mind telling which lines I need to edit on Forms mode on Schedule C?
Thanks,
Joe