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March 12, 2022
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I have 2 stores on Etsy but neither generated a 1099-K. How do i report my income? Can TurboTax import or sync to my Etsy account to get this information?

  • March 12, 2022
  • 1 reply
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Best answer by ColeenD3

No, this is not something that can be imported. You don't need the official form if you have kept track of your income and expenses. . You’ll receive a 1099-K if you accepted credit cards, debit cards or prepaid cards and had over $20,000 in sales and more than 200 individual transactions through a third party processor.

 

You can enter the income as cash on the same line that asks for 1099-K income.

 

1 reply

ColeenD3
ColeenD3Answer
March 12, 2022

No, this is not something that can be imported. You don't need the official form if you have kept track of your income and expenses. . You’ll receive a 1099-K if you accepted credit cards, debit cards or prepaid cards and had over $20,000 in sales and more than 200 individual transactions through a third party processor.

 

You can enter the income as cash on the same line that asks for 1099-K income.