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Tax Year Prior to 2020: How to import Online in Turbo Tax the Form 1099 from TD AmeriTrade and 1099K from AMAZON online selling from self employed Business ?

 
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3 Replies
VictorW9
Expert Alumni

Tax Year Prior to 2020: How to import Online in Turbo Tax the Form 1099 from TD AmeriTrade and 1099K from AMAZON online selling from self employed Business ?

The 1099-K is not a required form to be entered into TurboTax. It is an information return sent to the IRS and a copy to the merchant prepared by Amazon and other businesses that showed merchant credit payments processed. 

 

For importing 1099-Bs follow the instruction below:

  1. Open (continue) return if you don't already have it open.
  2. Inside TurboTax, search for 1099-B and select the Jump to link in the search results.
  3. Answer Yes on the Your 1099-B screen, then select Continue. ...
  4. Select how you want to enter your 1099-B (import or type it in yourself) and then follow the instructions
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Tax Year Prior to 2020: How to import Online in Turbo Tax the Form 1099 from TD AmeriTrade and 1099K from AMAZON online selling from self employed Business ?

Hi,

Thanks for reply with the solution to Import the 1099 from the TDAmeriTrade . For the same I found in the Link in the Turbo Tax itself and it is done.

But now I am unable to do the same for the 1099-K  Recd. from the Amazon Payment, Inc. for selling goods Online. As this topic falls under SELF EMPLOYEED-Income, I could not find the link to Import the same into Tubro, though I have the Physical Documents with me.

Do I need to fill in the details manually or is there any way to import the same into TURBO.

Please advice, Thanks,

 

Tax Year Prior to 2020: How to import Online in Turbo Tax the Form 1099 from TD AmeriTrade and 1099K from AMAZON online selling from self employed Business ?

No you don't enter the 1099K.  Yo just enter your total self employment income on Schedule C.

 

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

 

 

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