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posted Mar 12, 2022 9:21:03 AM

I have 2 stores on Etsy but neither generated a 1099-K. How do i report my income? Can TurboTax import or sync to my Etsy account to get this information?

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1 Best answer
Expert Alumni
Mar 12, 2022 9:31:40 AM

No, this is not something that can be imported. You don't need the official form if you have kept track of your income and expenses. . You’ll receive a 1099-K if you accepted credit cards, debit cards or prepaid cards and had over $20,000 in sales and more than 200 individual transactions through a third party processor.

 

You can enter the income as cash on the same line that asks for 1099-K income.

 

1 Replies
Expert Alumni
Mar 12, 2022 9:31:40 AM

No, this is not something that can be imported. You don't need the official form if you have kept track of your income and expenses. . You’ll receive a 1099-K if you accepted credit cards, debit cards or prepaid cards and had over $20,000 in sales and more than 200 individual transactions through a third party processor.

 

You can enter the income as cash on the same line that asks for 1099-K income.