AmyC
Expert Alumni

After you file

 @RBBrittain is correct. You must report and then explain - subtract. If you truly had no business or earned income, you will report the 1099K and then report a negative amount under other income. 

 Follow these steps:

  1. Go to Federal section
  2. Scroll down to Less Common Income
  3. Select Miscellaneous Income, 1099-A, 1099-C selection
  4. Select Other Reportable Income,  START
  5. Any other taxable income, select YES
  6. Enter description, 1099k not taxable
  7. Enter the NEGATIVE amount in the box next to your name.
  8. Click Continue
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