Two 1099k forms for one business

[BSetzer]

Hi, I was wondering how you would enter two 1099k forms for a single business.  I sell on Amazon and on Ebay and received 1099k forms from each of them.  The business is just me buying and reselling products at a profit.  Do I enter each 1099k separate as if they are separate businesses or do I simply add the totals together and enter as one?

[leeloo]

 You would enter each separately so the IRS can match the amounts. You are not creating two businesses, only one Schedule C is used. You are just entering two forms of income for the one business.

[JohnB5677]

You do have the basic idea, but I can clear it up for you.

• You will enter each of the 1099-K's separately.
• You will then consolidate them into one business,

Under Federal: Go To

1. Wages & Income
2. Scroll down to Self-employed [Show More or Revisit]
3. Post, or select your line of work.
4. Continue the Interview to Did you have any more self-employed income for work? - [Yes]
5. Let's enter any additional income for your work.
6. Select Form 1099-K, for electronic payments from processing companies.
7. Complete the posting of the K-1s and move forward through the rest of the interview.

Reminder: When you're in TurboTax, and you're not sure of something, select the (?) next to the topic for more information.

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