topic 1099 K in Business & farm

1099 K

monica38 — Thu, 06 Mar 2025 19:05:19 GMT

I received a 1099-k, but when I do my taxes for S corp, i don't see anywhere where i can add a 1099-k form

do i need to add it to the business income service receipts?

Re: 1099 K

ThomasM125 — Thu, 06 Mar 2025 19:09:31 GMT

You do need to include the income reported on the Form 1099-K with your business income receipts when you prepare your S corporation tax return. However, there is not a separate entry required for it in TurboTax or on your tax return.