Yes, you may report your business activity without Form 1099-K.
Self-Employment activities are reported on Schedule C, which is found in TurboTax Self-Employed Online.
The easiest way to to find Schedule C in TurboTax is to use the Search box at the top right side of the TurboTax header. Enter "schedule c", hit Enter, then click on "jump to schedule c". This will take you directly to the start of this section where you can set up your business and enter your income & expenses.
In the income section, answer "no" to the question about Form 1099-MISC and continue to the page titled "Enter Business Income That's Not on a 1099-MISC" or "Tell us about additional income..." You may report your sales in the box for "Income or Sales" - the total from your accounting records since you received a 1099-K from Amazon.
If you have already set up your business, choose "General Income" from the income summary page.
Expenses for Amazon Fees will go under "Miscellaneous Expense"
To add miscellaneous expenses in TurboTax Self-Employed:
1. Select Miscellaneous expenses from the main business expense screen in TurboTax Self-Employed.
2. You can then give a specific name and amount to each miscellaneous expense that you have.
· You can group several expenses together under one name as appropriate.
(See the attached screenshot below. Click to enlarge.)
Yes, you may report your business activity without Form 1099-K.
Self-Employment activities are reported on Schedule C, which is found in TurboTax Self-Employed Online.
The easiest way to to find Schedule C in TurboTax is to use the Search box at the top right side of the TurboTax header. Enter "schedule c", hit Enter, then click on "jump to schedule c". This will take you directly to the start of this section where you can set up your business and enter your income & expenses.
In the income section, answer "no" to the question about Form 1099-MISC and continue to the page titled "Enter Business Income That's Not on a 1099-MISC" or "Tell us about additional income..." You may report your sales in the box for "Income or Sales" - the total from your accounting records since you received a 1099-K from Amazon.
If you have already set up your business, choose "General Income" from the income summary page.
Expenses for Amazon Fees will go under "Miscellaneous Expense"
To add miscellaneous expenses in TurboTax Self-Employed:
1. Select Miscellaneous expenses from the main business expense screen in TurboTax Self-Employed.
2. You can then give a specific name and amount to each miscellaneous expense that you have.
· You can group several expenses together under one name as appropriate.
(See the attached screenshot below. Click to enlarge.)