TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Where to report 1099-K on 1120S

Forum|Forum|2 years ago
April 4, 2024
1 reply
0 views

My business sales are processed by credit card and I received a 1099-K from the card processor with my total sales. I entered my total sales in the "Business Income" section. However, the "Other Income" section asks me to report my 1099-K income as Royalty Income. I don't believe my sales are royalty income. However, is it an issue if I leave the 1099-K section blank when I have been issued a 1099-K? If I report in both sections, the income will be double counted. Thanks for your input!

You just enter the Form 1099-K income in the business income section of TurboTax. You would only enter it in the royalty income section if there was royalty income reported on it.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"