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Level 3
posted Apr 18, 2022 8:56:51 AM

1099K from Lyft

I did not receive a 1099 misc form from lift, but I did receive a 1099NEC and 1099K. Where do I enter the amounts from 1099K?

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1 Best answer
Level 8
Apr 18, 2022 9:22:09 AM

First thing you need to know is whether the amount of the 1099-K is included in the 1099-NEC. If it is, then disregard it. You can always just add up the income you had for a particular line of work, and just enter it in the self-employment income section, without entering various 1099's. As long as the income equals the amount of 1099's received (as long as your business income was all in the form of a 1099), you would be fine. 

2 Replies
Level 8
Apr 18, 2022 9:22:09 AM

First thing you need to know is whether the amount of the 1099-K is included in the 1099-NEC. If it is, then disregard it. You can always just add up the income you had for a particular line of work, and just enter it in the self-employment income section, without entering various 1099's. As long as the income equals the amount of 1099's received (as long as your business income was all in the form of a 1099), you would be fine. 

Level 3
Apr 21, 2022 6:05:02 AM

Thanks