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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?
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March 7, 2022
5:34 AM