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oshagirl
New Member

I imported my income from quicken self employed. Do I need to enter a 1099-K that includes that info? I am concerned about a double entry.

 
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2 Replies
AliciaP1
Expert Alumni

I imported my income from quicken self employed. Do I need to enter a 1099-K that includes that info? I am concerned about a double entry.

No, you do not have to specifically report your 1099-K.  As long as your Quicken account had all your income reported you are good to go!

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I imported my income from quicken self employed. Do I need to enter a 1099-K that includes that info? I am concerned about a double entry.

Thanks so much for this answer! I've been doing our family taxes for years, and this time PayPal sent my husband a 1099-K. My husband's business is a dba, and I carefully track all personal and business transactions daily in Quicken. I imported all the Quicken data into TurboTax, then entered that 1099-K. I just about panicked when I saw the Tax Due double after I put in that 1099-K. I like those numbers better now that I have deleted the 1099-K again.

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