Venmo payment

Forum|Forum|3 years ago
January 25, 2023
1 reply
3 views

Can you please tell me how to enter income that I received via Venmo?
I received Social Security also. Is there a special form for it. I had extra money taken out of Social Security. Can I enter it too?
I had Marketplace insurance. Is there a special form for it?
Thank you so much!

Ask the Experts - Tax Law Changes - Jan 2023

RobertB4444

Level 15

There is a form for each of these!

The form that shows your Venmo income is a 1099-K. You'll enter that in Wages and income under self-employment earnings. (look for the 1099-K)

Your Social Security income is also reported in the Wages and Income section and comes from form SSA-1099. You'll enter the amount you received as well as the amount that was withheld.

Your marketplace insurance is reported on form 1095-A. If you don't have it yet then you can download it from healthcare.gov. Once you have it you'll enter it under deductions and credits (look for the 1095-A).

Good luck!

@Nursemeg78

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Nursemeg78Author

Level 2

Thanks for your help!
Is it true that I I will use form 8962 for Marketplace?
Are all these forms to file these things on available on Turbo Tax once I am signed in?