Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 30, 2025 7:43:46 PM

1099k is from stripe. That income is already on my Sch C. turboTax is showing this as income twice. Do I need to enter the 1099K on my return?

0 2 658
2 Replies
Expert Alumni
Mar 30, 2025 7:46:58 PM

No, if you've already included this income in Schedule C, you do not need to enter the amounts from 1099-K again.  Save the 1099-K with your records.

 

See this article for more information: IRS Form 1099-K: What Online Business Owners Should Know

New Member
Apr 2, 2025 10:39:40 AM

I did get my question answered.  This was VERY helpful and it's what I thought but good to have another viewpoint.