Yes. Entering information directly to the forms is not recommended. 1099-K should be enter in subsection " Farm Income Report on 1099-K." The entries for the 1099-K income will appear on line 7 of Schedule F.
To post a 1099-K for a farm in the Home & Business program go to.
- Business > Continue.
- I'll choose what I work on.
- Select Farm Income & Expenses.
- Choose I have income from operating a Farm. …
- Select your Farm.
- Scroll to Farm Income.
- Select " Farm Income Reported on 1099-K.
- On the screen, "Did you get a 1099-K?", select "Yes".
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