Can't file my wholly erroneous 1099K. I can't do "Review" -- it won't let me mark "check if all" checkbox on 1099K 2a, & if I enter smaller amount, can't link to Sched C.

[danilche]

I've received a 1099-K from Paypal where the entire amount is wrong (some stupid people sent me gift money as "payments" rather than "friends & family").

TurboTax has an interface for amending the 1099K amount; but when I specify that the entire amount is wrong, it then gets stuck in "Review" phase saying that on form 1099-K the line-2a amount can't exceed line-1 amount (it doesn't but TurboTax still complains); and if I put smaller amount into the box 2a (e.g. 3760 instead of 3763), it gets past that stupid "can't be smaller" check, but then demands a linkage to Schedule C -- which doesn't work. It keeps saying "double-click to link to Schedule C", but when I double-click, nothing happens.

[Critter-3]

Stop what you are doing and delete it all.

Then follow these instructions ... do NOT enter the 1099-K in the  1099-K section at all ... use the general income section instead in the Sch C income entry section.  Enter the income and then simply make a other misc expense entry for the same amount using any descriptor you wish.  This will report the income yet zero it out at the same time ... a win-win. 

[danilche]

Thanks. If TurboTax help doesn't come through with a better solution (how messed up, they make it IMPOSSIBLE to simply say that the whole amount is wrong -- that "check all" checkbox is not clickable!), I will follow your suggestion.

[danilche · Accepted solution]

I FOUND THE RIGHT ANSWER!

And it's a totally stupid one.

My 1099K had cents amount on it. TurboTax rounded it up -- and got tripped by its own rounding. If, when entering 1099-K, I enter the rounded amount in the first place, everything works!

This looks like a TurboTax bug, with a fairly easy (but unobvious) workaround.

[tolzy88]

Thank you i wasted so much time on this! Many thanks.