Question

1099-K

Forum|Forum|6 years ago
February 25, 2020
1 reply
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I am from Massachusetts. It say I need a sch. C form.. I do not have a business and what I received was in coupons' app that I received to use in any store of my choice. What FORM do I use and how do I do it? Thank You

Payment settlement entry is check
1) As entered Account Number
2) 1a 737.22 1b 737.22
3) As entered Filer’s Tin as numbers
4) 2 entered Merchant code 0000
5) 3 15 payments
6) As $ amount entered in these column. 5a-5d-5e-5f-5g-5h-5j-5l
Ibotta is an app that offers coupons. Then I deposit my Ibotta cash (coupons) to Pay Pal and I can than spend it at any store.

Not A Product Question

M

MAK70

If you did not earn this income as a "business", you could report as Other Income. You would still have to include as income tax but you would not have to pay employment taxes on it.

If your Form 1099-K is not a business, enter the income in TurboTax under:

Under Wages & Income, click I'll choose what I work on.
Scroll down to the Less Common Income group, and
next to the Miscellaneous Income, 1099-A & C topic, click the Start/Update button.
On the Let's Work on Any Miscellaneous Income screen next to Other income not already reported on a Form W-2 or Form 1099, click Start/Update
Answer Yes about other wages and Continue through the screens to the Any Other Earned Income screen.
Answer Yes to receiving other wages and follow the prompts.