JamesG1
Expert Alumni

Deductions & credits

Report the income as Other income and This amount is too high or includes some personal transactions.

 

In TurboTax Online, to report Other income, follow these directions.

  

  • Down the left side of the screen, click Federal.
  • Down the left side of the screen, click Wages & Income.
  • Click the down arrow to the right of Other Common Income.
  • Click to the right of Form 1099-K.
  • At the screen Did you get a 1099-K?, select Yes.
  • At the screen How would you like to upload your 1099-K? click Type it in myself
  • At the screen Which type of income is your 1099-K for, select the button for Personal item sales.  Click Continue.
  • At the screen Let's get the info from your 1099-K, enter the information. 
  • Select This amount in box 1a is too high or includes some personal transactions.
  • Enter the dollar amount from box 1a.
  • Click Continue.
  • Click Done.

The income is reported at the top of Schedule 1 Additional Income and Adjustments to Income.

 

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