Forms 1099-K are issued for many reasons, including personal transactions, hobbies, and business income. TurboTax has different ways to report them. To report your 1099-K as self-employment income on Schedule C:
- Continue your return
- Go to Schedule C
- Answer the questions about your business and its expenses until you get to the Here’s your info screen.
- If you’re returning to Schedule C, select Review or Edit next to your work and then answer the questions about your business
- Select Add income for this work
- On the Let's enter the income for your work screen, select Form 1099-K and Continue
- Enter your 1099-K info
You will also need to delete the information that you already entered. To do this, follow the instructions in the link below:
How do I view and delete forms in TurboTax Online?
