ErnieS0
Expert Alumni

Deductions & credits

It depends on whether you already reported your income @Stephen3031. Sometimes amounts on Form 1099-K are double reported on other tax forms, including Form 1099-NEC or you may have reported the amounts as credit card payments.

 

If you've reported all the income, you do not have to do anything.

 

If some or all of Form 1099-K is additional income, then you will have to amend your return. The TurboTax amend function will be available later this month.

 

Go to How to amend (change or correct) a return you already filed. If you do not see instructions for 2021, it means 2021 amend is not ready yet.

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