JamesG1
Expert Alumni

Get your taxes done using TurboTax

Are you reporting a Schedule C on your 2021 Federal tax return?  If so,

  • Go to Federal / Income & Expenses / Your income and expenses / Self-employment / Self-employment income and expenses.
  • Click Start / Edit / Add to the right.
  • At the screen Here's your business info, scroll down and click on Add income for this work.
  • Click Other self-employed income includes 1099-K...
  • Click Add another row,
  • Under Type of income enter 1099-K, under Amount enter the value in box 1a.

Do you have costs of sale to report to offset the 1099-K income?  What is the nature of the costs of sale?

 

@klemenid12

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