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New Member
posted Apr 11, 2024 2:51:56 PM

Is Form 1099-k SAME AS 199-R

Is Form 1099-K. SAME AS 1099-R

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2 Replies
Level 15
Apr 11, 2024 2:57:29 PM

No, they are Not the same.

 

Click on Federal on the left side of the online program screen

Click on Wages & Income

Scroll down to Other Common Income

On Form 1099-K, click on the start button

Expert Alumni
Apr 11, 2024 2:59:12 PM

No. They are completely different.

 

Form 1099-K tracks income you receive, usually through credit cards or processors like PayPal, Venmo, Square, Etsy, Uber, or Ebay, for selling goods or providing services.

 

See this TurboTax Help article.

 

Form 1099-R is used to report the distribution of retirement benefits such as pensions and annuities.

 

See this TurboTax article.