I'm self-employed and have 2 credit card processors. I was issued a 1099-K from one, not the other because it didn't meet the requirements. Is this happening because I imported the credit card income that didn't have a 1099-K? Should I have entered the extra cc income under other income?
You are not required to report the credit card income separately. You are not required to enter the credit card income under other income.
However, if you do report the credit card income separately, the credit card income not reported on an IRS form 1099-K may be reported under an income line within the self-employment activity.
The credit card income which is reported on an IRS form 1099-K may be entered within the self-employment activity. In TurboTax Online, follow these steps.
I’m still stuck at “Check This Entry” A link to Schedule C or another source for the amount reported in box 1 must be selected…..Otherwise check the box that applies to this income.
There is a blank box next to Schedule C. I don’t know what to enter there. I’ve tried entering the amount on the 1099-K, but it keeps circling back to “needs review.”