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February 22, 2023
Question

I have a 1099 K from amazon but After expenses paid to them I dod not make any profit. I actually lost money . How do I handle this ?

  • February 22, 2023
  • 1 reply
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1 reply

CatinaT1
February 22, 2023

You will need to file a Schedule C for Self-Employment. You will have the opportunity to offset your income by entering your expenses.

  

Type 'schedule c' in the Search area, then click on 'Jump to schedule c' to make your entries. 

  

Click the links for more detailed info on:  

Reporting Business Income and Expenses

What Online Business Owners Should Know about IRS Form 1099-K 

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