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droskey73
New Member

on my 1099-K it is making me enter something on the line next to schedule C but everything I have tried to enter there is rejected. What goes there?

 
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3 Replies
JamesG1
Expert Alumni

on my 1099-K it is making me enter something on the line next to schedule C but everything I have tried to enter there is rejected. What goes there?

It depends upon the nature of the income reported on the IRS form 1099-K.

 

On the screen Which type of income is your 1099-K for?, did you elect Self-employment income?  Or something else?

 

 

 

 

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droskey73
New Member

on my 1099-K it is making me enter something on the line next to schedule C but everything I have tried to enter there is rejected. What goes there?

It is categorized as self-employment income. Thanks for replying!

JamesG1
Expert Alumni

on my 1099-K it is making me enter something on the line next to schedule C but everything I have tried to enter there is rejected. What goes there?

If the IRS form 1099-K is reporting income for your self-employment activity, enter the IRS form 1099-K directly into the self-employment activity. 

 

In TurboTax Online, follow these steps:

 

  • Down the left side of the screen, click Federal.
  • Down the left side of the screen, click Wages & Income.
  • Click the down arrow to the right of Self-employment.
  • Click to the right of Self-employment income and expenses.
  • At the screen Your 2024 self-employed work summary, click Edit to the right of the self-employment activity.
  • At the screen Here's your info, select Add income for this work.
  • Select IRS form 1099-K to report the income.

If this does not completely answer your question, please contact us again and provide more information.

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

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