1099 K

[Tracy Lee]

I'm working on a Return with 7 Sch E's and 2 Sch C's, I need to attach my 1099-K to one of the Sch C's and the drop down box in the 1099-K box 1a - select form to link to box 1a will not give me the option of the Sch C.....grrrr....even though I entered the 1099K from the Sch C I want it to flow to.  I have closed out ATX, Saved.... to refresh it and it won't work.  WHAT THE HECK!!!???

[jasdlm]

I know this is probably the first thing you checked, but are the 1099-k and the schedule C both coded to the same spouse if a joint return?

[Tracy Lee]

AHHH Bingo!!! Sch C is in her name but the 1099 K came in his.  I put it in hers and it magically appeared! Thanks!

[Abby Normal]

Just enter directly on Sch C and skip the 1099 input. Using those 1099 input forms is a waste of time.

[Lion EA]

And, if it was HIS income, why is it on HER Schedule C?

[Tracy Lee]

It is her income the Merchant company put in the wrong name.  I'll have to call client and ask them to have that corrected. 

[Lee B]

4 hours ago, Abby Normal said:

Just enter directly on Sch C and skip the 1099 input. Using those 1099 input forms is a waste of time.

I have never entered the 1099 K information on a return.

I just use it to double check against the clients total sales for reasonableness.