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Bee0343
New Member

Single Llc No 1099k

I started a small business in August and am using quickbooks for my electronic payments. I only made $3000 and will not be receiving a 1099k from quickbooks because I did not reach the threshold. How do I report my income? 

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1 Reply
ThomasM125
Employee Tax Expert

Single Llc No 1099k

You need to enter your business income and expenses in the Self-employment income and expenses section in TurboTax. You will see an option for that under the Wages and Income option in the Federal section of the program. There you will see on option to enter information about your business, such as the name and address and product or service provided. There will be a section there for Income, in which you will choose Add Income for this Work and choose the Other self-employed income option to enter your income not reported on a 1099 form:

 

 

 

 

 

 

 

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