How to Add 1099-K in TurboTax

Quick summary

This demo shows how to add 1099-K income in TurboTax Online by routing it through the self-employment section. It covers every step from the Federal tab through entering business details, expenses, and clicking Done to complete your return.

Steps

1. Log into TurboTax and click the Federal tab in the left sidebar to get started.
2. Click Income to begin adding your 1099-K information.
3. Scroll down to Self-employment and click Start — this is where your 1099-K income is reported.
4. Click Add another line of work if you are reporting income from multiple gigs or platforms.
5. Type in your work description — selling online, freelancing, or whatever activity generated your 1099-K income.
6. Pick the description that best matches your work, then click Continue.
7. Choose how to classify your business type and click Continue.
8. Enter your business name in the text field — your own name works if it is just you.
9. Add the start date of your business or side hustle — an approximate date is acceptable.
10. Select Enter manually to add business expenses tied to your 1099-K income.
11. Pick the expenses related to earning your 1099-K income, such as fees, supplies, and shipping.
12. Click Done to finish adding your 1099-K and move forward with your tax return.