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jhsper
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Where and how to enter 1099-K credit card payments to a business on my Form 1065 using TurboTax Business Desktop?

 
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4 Replies

Where and how to enter 1099-K credit card payments to a business on my Form 1065 using TurboTax Business Desktop?

Under Business Income, Sales and service receipts.

jhsper
New Member

Where and how to enter 1099-K credit card payments to a business on my Form 1065 using TurboTax Business Desktop?

So would I just enter it as a "1099-K" in its own sales category?Screenshot (77).png

Where and how to enter 1099-K credit card payments to a business on my Form 1065 using TurboTax Business Desktop?

You could do that but you don't even need to enter the 1099-k amount as a category. 

 

You can simply add all of your sales/service receipts, including the amount on the 1099-K.

jhsper
New Member

Where and how to enter 1099-K credit card payments to a business on my Form 1065 using TurboTax Business Desktop?

Okay, that's what I did, I just didn't know if I had to make a separate line item for it so the IRS knew I was reporting it.

 

Thank you for your help!

 

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