@Irene2805
Thank you so much for coming and assisting. If you do not mind I have a follow-up based on your steps.
I want the 1099K to pass through to my company rather than show it as an income to me directly, so do I not actually put the 1099K in as a negative somewhere?
I guess its 5, 6 and 7 I am still unclear of.
I do have other expenses for the business which will be reflected on my 1120S, but I am trying to PASS the 1099K on to my business so it can apply the expenses to the income but I guess I am having a disconnect (forgive me) in how to actually pass that through without it being considered to direct income on my 1040 for my personal taxes.
