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Returning Member
posted Mar 2, 2025 9:52:19 AM

1099-K income entry for sole proprieter is not showing up as income in the 2024 summary

My wife is a mental health counselor and uses Square for credit card co-pays. Square sent us a 1099-K. I entered this into TurboTax 1099-K section, but the amount is not showing up as income in the summary screen. Does this income needs to be entered somewhere else in TurboTax? Very confusing.

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1 Replies
Expert Alumni
Mar 2, 2025 10:09:41 AM

The counseling business income and expenses belong on a Schedule C. 

 

  1. Within your tax return, navigate to Federal > Wages & Income > Other Common Income > Form 1099-K
  2. Choose Add a 1099-K
  3. The next screen will ask "Which type of income your 1099-K is for?" choose Self-employment income. 
  4. Enter the information from your 1099-K
  5. Then, on the screen Your self-employment 1099-K income  select the Schedule C business you have already set up, or you can add a new business.