If you are saying that a portion of your 1099-K is not business related, but just personal transfers that don't relate to your business, yes, you would simply enter that amount in the program and continue reporting only the business income. This is done on the screen that reads Let's get the info from your 1099-K. You'd check that the amount in box 1a is too high, and enter the amount that should be removed. You will need to retain records to show what amounts belong in personal and what amounts are business.
You may need to make quarterly estimated tax payments if you have no withholding from your income and are self-employed. If for this year you owe $1000 or more, you may be subject to an Estimated Tax Penalty. TurboTax will calculate quarterly estimated tax payments for 2025 based on the 2024 tax return.
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