Irene2805
Expert Alumni

Retirement tax questions

To include income reported on Form 1099-K, please follow these steps: 

 

TurboTax Self-Employed (Online)

  1. Click on Income & Expenses and then click the Start/Revisit box in the Self-Employment section.
  2. Click Review next to your business.
  3. On the Here's your [business] info screen, click on the box Add income for this work.
  4. On the screen, Let's enter the income for your work, mark the radio button next to Other self-employed income. Includes 1099-K, cash, and checks and click Continue.
  5. Enter the amount on the next screen, Tell us about other self-employed income.

TurboTax Home& Business (CD/Download)

  1. Click on the Business tab  > Continue > I'll choose what I work on
  2. On the Let's gather your [business] info screen, click the Start/Update button next to Business Income and Expenses.
  3. On the screen, Let’s gather your business info, in the Business Income and Expenses (Schedule C) section, click the Start/Update button. 
  4. Continue to the Here's the business info we have so far screen.  Click on the Edit box next to the business. 
  5. On the Your [business type] Business screen, in the Business Income section, click the Start/Update box. 
  6. On the Business Income screen, click the Start/Update box next to General Income.
  7. Enter the amount from the 1099-K on the next screen, Any General Business Income?