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posted Oct 6, 2024 12:45:16 PM

1099K section of Turbo Tax

I do not have a 1099K and when I select NO it takes me to next screen asking for 1099MISC and when I select NO it takes me back to 1099K page.  It will not let me get out of this loop.

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1 Replies
Level 15
Oct 6, 2024 12:49:34 PM

I am using the 2023 Premier Edition desktop for Windows and found this workaround.

When the program asks if you received a Form 1099-K answer Yes.  On the 1099-K enter any name for the Payer, any 9 digits for the Payer ID and then enter $1 in box 1a.  Click on Continue and click on Done.

This will take you back to the Form 1099-MISC question and  answer NO.  Click on Continue. 

You will now be back at the Form 1099-K Summary screen.  Click on the BACK button.  You can now continue the interview for the Schedule C.