Form 1099-K


Article: 50067

1099-K data should be entered on screen 1099-K only if the state requires the source document. The only data entered on this screen that flows to the state return is State tax withheld; no data flows to the federal return.

To add this form:

  1. Go to Federal Taxes
  2. Click Review.
  3. Click I’d like to see the forms I’ve filled out or search for a form.
  4. Enter 1099K in the search box and add 1099-K – Payment Card and Third-Party Network Transactions.
  5. Enter your information and click Save.

Form 1099-K is issued for taxpayers who receive more than $20,000 in payments over more than 200 transactions from a single qualifying third-party payor. These payments can be entered on the applicable federal schedule as an undifferentiated part of gross receipts:

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state tax form tax credit tax deduction dependent refund irs form schedule k1 health insurance tax return estimated tax