Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Taxes
Profile Image

Question By
Amauriciodeleon

0 Contributions
0 People Helped
Where do I insert my 1099-K form?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
1 Contribution
1 Person Helped

Can you be specific about where and how?

Helpful to 1 out of 1 people

Can you please explain very specifically where and how to add the 1099 K. I received no 1099 misc due to income being below $600.

Is it under Schedule-C or Schedule K-1. I see no mention of "Merchant card and third party network payments:" any where.

Thanks,

1 Contribution
0 People Helped

1099k

did you figure out how to add 1099k

1 Contribution
0 People Helped

Also looking for 1099-K info

Please help!

Reply by
rkilic

1 Contribution
2 People Helped
Helpful to 2 out of 3 people

I am guessing your an uber driver like I am. Calm down! I am here to help, I think. I had the same question, but after taking a deep breath and reading back through your business income section under Wages and Income, I noticed where you have to put the 1099-K info. When you get to the line that reads:

"Merchant card and third party network payments:*"

Notice how there is an asterik there. Just below the asterik identifies the following:

"*Enter the total of all Box 1 amounts from any 1099-Ks you may have received, if applicable."

So look at your 1099-K and see what is in Box 1a and Box 1b and put that amount into the box next to where it reads "Merchant card and third party network payments:*" Chances are that you only have an amount appearing in Box 1a. Its that simple. To deduct all other expenses associated with Uber driving or whatever it was that you did, you would put that on your schedule C like a boss. 

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.