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New Member

For the type of income in 1099-k does it means net income or income?

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New Member

For the type of income in 1099-k does it means net income or income?

When entering your 1099K information, you would be entering revenue (or income).  Later, you can enter business expenses associated with the revenue (income) that will be deducted.

Steps for entering your 1099K:

If your self-employment income was only from cash, personal checks, credit card payments, or cryptocurrency 

Type Schedule C in the Search box and then select the Jump to link. This will take you to where you can enter any cash, personal checks, credit card payments, or cryptocurrency (Form 1099-K) related to your self-employment. You may first be asked some general questions about your business. After you answer them, you’ll be taken to the Let's enter the income for (your line of work) screen where you can enter this income as Other self-employed Income.

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