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October 6, 2024
Question

1099K section of Turbo Tax

  • October 6, 2024
  • 1 reply
  • 0 views

I do not have a 1099K and when I select NO it takes me to next screen asking for 1099MISC and when I select NO it takes me back to 1099K page.  It will not let me get out of this loop.

    1 reply

    DoninGA
    Employee
    October 6, 2024

    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.