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Get your taxes done using TurboTax
You do not have to report the 1099-Ks on a Schedule C if it is not Self-Employment income. You should report the second award even if you did not receive a 1099-MISC. You can enter as Miscellaneous Income. You can enter the 1099-K as the description.
Here are the steps:
- After sign-in, select Pick up where you left off
- To your left, select tab Federal Taxes /Wages and Income
- Scroll down to the Less Common Income section.
- Choose Miscellaneous Income
- Select the very first option at the top"Other income not already reported on a Form W-2 or Form 1099".
- Then follow the prompts.
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March 6, 2021
12:24 PM
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