I am trying to double click on Schedule C in the 1099-k form and nothing his happening. What information do I enter in the Schedule C box of this form?
I am trying to double click on Schedule C in the 1099-k form and nothing his happening. What information do I enter in the Schedule C box of this form?
The "link" just let's TurboTax know which Schedule C Profit or Loss From Business is connected to that 1099-K. This is in case you have more than one business.
IRS Schedule C, Profit or Loss from Business, is a tax form you file with your Form 1040 to report income and expenses for your business. The resulting profit or loss is typically considered self-employment income.
For instructions on where to enter your Schedule C, click here.