MaryK4
Expert Alumni

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.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post