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How do I enter a 1099-K for self-employment income?

by TurboTax Updated 5 months ago

You can enter the income reported on your Form 1099-K (along with any cash or checks you received) as self-employment income on Schedule C.

This is different from entering a 1099-K for personal items sales or hobby income

Here's how to do it, using TurboTax Online Premium:

  1. Open or continue your return and select Search.
  2. Search for Schedule C and select the Jump to schedule c.
  3. Answer the questions about your business and its expenses until you get to the Here’s your info screen.
    1. If you’re returning to Schedule C, select Review or Edit next to your work and then answer the questions about your business.
  4.  Select Add income for this work.
  5. On the Let's enter the income for your work screen, select Form 1099-K and Continue.
  6. Enter your 1099-K info.

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