Even though the 1099k should have been made out to your business, include it in your 1040 as Other Income using these steps:
- Click on Federal > Wages & Income
- In the Less Common Income section , click on the Start/Update box next to Miscellaneous Income, 1099-A, 1099-C
- On the Miscellaneous Income screen, click on the Start/Revisit box next to Other reportable income.
- On the Any Other Taxable Income? screen, click the Yes box.
- Enter the income on the Other Taxable Income screen, along with a description. Click Continue.
- You will be brought to the Other Miscellaneous Income Summary.
- If you have expenses to deduct against the income, you can make another entry as a negative number. Just click the box, Add Another Income Item.
The income will appear on line 8 of Schedule 1 in your return.
