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The issuer of the 1099K is required to report and pay the backup withholding using Form 945.
In order to enter the additional withholding in TurboTax:
Please follow the steps below
1. Personal Tab
2. Deductions & Credits
3. Scroll down to Estimates and Other Taxes Paid and select Income Taxes Paid
4. Select Withholding not already entered on a W2 or 1099 (even though the withheld amount is on 1099-K - it is not an official form that requires separate entry)
The issuer of the 1099K is required to report and pay the backup withholding using Form 945.
In order to enter the additional withholding in TurboTax:
Please follow the steps below
1. Personal Tab
2. Deductions & Credits
3. Scroll down to Estimates and Other Taxes Paid and select Income Taxes Paid
4. Select Withholding not already entered on a W2 or 1099 (even though the withheld amount is on 1099-K - it is not an official form that requires separate entry)
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