I got a 1099K from Square for credit card payments. I already have this income entered in Quickbooks which was transferred into Turbo Tax for my return. Do I have to list my 1099K from Square if the income is already recorded? I don't want it to look like I made twice my income.
You'll need to sign in or create an account to connect with an expert.
No, you do not have to report amounts from a 1099-K - as long as the income is reported elsewhere in your return.
You don't need to create a separate entry for your 1099-K info in TurboTax. That's because your 1099-K income should already be included in other income, such as your self-employment or rental income (or pass-through entity).
No, you do not have to report amounts from a 1099-K - as long as the income is reported elsewhere in your return.
You don't need to create a separate entry for your 1099-K info in TurboTax. That's because your 1099-K income should already be included in other income, such as your self-employment or rental income (or pass-through entity).
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
cottagecharm11
Level 4
Saintjames18
Level 2
Downesb27
New Member
josephyerkes
New Member
Mike2959
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.