MeganS
New Member

Get your taxes done using TurboTax

In order to enter a 1099K you may need to upgrade to TurboTax Home and Business.

There is not a certain area in TurboTax for Form 1099-K since the area that you report this form in depends upon what you received it for.

If your Form 1099-K is for self-employment or business on a Schedule C, enter the income along with your other business income in TurboTax.

If your Form 1099-K is for rental income (not common), enter this income along with your other rental income in TurboTax.

If your Form 1099-K is for casual one-time sales and is not a business or even a hobby with recurring income (this can include income from PayPal, Square Card reader, or other electronic payments)  enter the income in TurboTax by going to Misc Income and selecting the last option.  Enter the description as income from 1099-K and the amount.

For Additional Information please see the article below:

 

 

 

https://ttlc.intuit.com/replies/5108144


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