turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I have an LLC, for which I sell through Shopify. This is business income, however, I get no 1099K. Should I just indicate this income as "other self-employed income"?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
SharonD007
Employee Tax Expert

I have an LLC, for which I sell through Shopify. This is business income, however, I get no 1099K. Should I just indicate this income as "other self-employed income"?

Yes, the income is self-employment income and will be reported on your Schedule C.  The IRS considers self-employment income as a business, so you will also be able to deduct common business expenses from your income. To enter your business and self-employment income, refer to the TurboTax  Help article How do I report income from self-employment?

 

Review the TurboTax articles Reporting Self-Employment Business Income and Deductions and What self-employed expenses can I deduct? for more information on business deductions. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question