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D
dilljt
February 1, 2025
Question

I received a 1099-K for $1,200. Do I need to report it?

  • February 1, 2025
  • 1 reply
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    1 reply

    M
    MindyB
    February 1, 2025

    Yes, you will need to report this.  However, you may not need to pay any tax, depending on why you received the $1,200 and if you made a profit.

     

    Here is how to report this in TurboTax Online:
    • Within your tax return go to the magnifying glass icon on the top right, type 1099-K and select the Jump to 1099-K link in the search results
    • Choose Add a 1099-K
    • The next screen will ask "Which type of income your 1099-K is for?" choose what fits the $1,200.
    • Enter the information from your 1099-K


     

     

     

     

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