Support CenterHow do I enter a 1099-K for a return in SureFire?
According to the IRS instructions, Form 1099-K is used to report Payment Card and Third Party Network Transactions. You should report the income from the Form 1099-K along with any other sources of income on the appropriate income tax return.
For an Individual 1040 return, do the following:
If you're self-employed or an independent contractor, you'll report your 1099-K income on Schedule C of Form 1040.
To report your 1099-K income on this form, simply enter your gross 1099-K income on line 1of Schedule C.
Your 1099-K income can be entered directly on line 1 or a scratchpad can be used, by using the Go To Existing Link.
For a Business return (1065, 1120, or 1120S), do the following:
If you have a partnership, corporation, or an S corporation, you'll report your 1099-K income on line 1a of your form. Find your gross 1099-K income and list it on the correct line.
The 1099-K can be entered directly Page 1, line 1a or entered into Trial Balance.
Additional Information
Para obtener la versin en espaol de este artculo de Knowledge Base, haga clic aqu:Cmo ingreso una forma 1099-K en una declaracin de impuestos usando SureFire?
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