Caught in a loop between 1099-MISC and 1099-K

Forum|Forum|1 year ago
September 25, 2024
3 replies
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I am self-employed, and received a 1099-K. After entering the information for my 1099-K, Turbotax 2023 won't let me get past 1099-MISC. When I tell it I didn't receive one, it loops me to 1099-K Summary, and then back to 1099-MISC. I was told on the phone with Intuit that this was a result of my using Turbotax Deluxe, and I should buy Turbotax Home & Business. But this worked fine with Turbotax Deluxe 2022. And if fact, if I open a new 2023 return, and DON'T put in a 1099-K, it still gets caught in the loop.

Some people say this is a software problem that was introduced in an update a couple of weeks ago.

Will this issue be fixed, or is Tubotax 2023 no longer supported?

Thank you.

Best answer by DoninGA

Any update on this as I am unable to complete taxes. Same issue. Stuck in loop between 1099-K and 1099-misc (I have no 1099-k, only 1099-NEC and 1099-misc). I cannot get to business expenses.

@pgershon1 wrote:

Any update on this as I am unable to complete taxes. Same issue. Stuck in loop between 1099-K and 1099-misc (I have no 1099-k, only 1099-NEC and 1099-misc). I cannot get to business expenses.

I am using the 2023 Premier Edition desktop for Windows and found this workaround.

When the program asks if you received a Form 1099-K answer Yes. On the 1099-K enter any name for the Payer, any 9 digits for the Payer ID and then enter $1 in box 1a. Click on Continue and click on Done.

This will take you back to the Form 1099-MISC question and answer NO. Click on Continue.

You will now be back at the Form 1099-K Summary screen. Click on the BACK button. You can now continue the interview for the Schedule C.

DoninGA

Employee

This problem was caused by an update released on 09/12/24. It has been reported and there is a possibility that there will be a fix with another update due out tomorrow, 09/26/24.

Additionally, the problem is also happening with the TurboTax Premier desktop edition as well as the Deluxe desktop edition. Whomever told you that Self-Employment income is not supported in the Deluxe edition was totally wrong. All the TurboTax desktop editions, Basic, Deluxe, Premier, Home & Business all support entry of self-employment income and expenses.

sciencemagicAuthor

@DoninGA It was the Intuit phone support people that told me I needed Home & Business. But I've never had to have that edition before, and for over a decade have been able to enter in my self-employment just fine. I hope it IS just a glitch that will be fixed, but my guess is it may not be fixed until 2024 Turbotax is released.

BettieG

Hi! Thanks for your question.

As I understand it, you are using TurboTax Desktop Deluxe version. If you are self-employed, in connection with which you received a Form 1099-K reporting at least part of your self-employment income, you will need to use the TurboTax Desktop Home & Business product if you want to also reflect/record any business-related expenses. If you are, in fact, self-employed, you should be including all your self-employment income as well as deducting your ordinary and reasonably-related business expenses.

To the extent, however, that you only want to report the income from the 1099-K (with no expenses), you may want to try deleting the 1099-K and re-entering it. You may also want to try deleting the related worksheet(s) (using the Forms mode) for both the 1099-K and 1099-MISC. This article may be helpful to you: How do I delete a tax form in TurboTax Desktop?

I hope this helps.

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DoninGA

Employee

@sciencemagic @BettieG TurboTax website for a list of all forms supported by the TurboTax desktop editions - https://turbotax.intuit.com/personal-taxes/irs-forms/

MJ799

I am trying to enter income information for Schedule C. TT asks about receipt of 1099 NEC. I answer yes, and enter the appropriate info. TT next asks about receiving a 1099 Misc. I answer no. TT then asks about 1099 K. I answer no. TT then returns to the 1099 Misc question still showing my "no" answer. I click continue, and TT goes to the 1099 K question. I answer no, and TT goes to the 1099 Misc question and so on. I am stuck in this loop and cannot continue with any other Schedule C information. Any help is appreciated. (I have used TT Deluxe for years for my Schedule C.)