Form 1099-K - Entering in Program
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Form 1099-K Merchant Card and Third-Party Network Payments must be entered in to the TaxAct® program through one of the following schedules:

Schedule C:

  1. From within your TaxAct return (Online or Desktop), click on the Federal tab. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal.
  2. Click Business Income to expand the category, and then click Business income or loss from a sole proprietorship
  3. Click Add to create a new copy of the schedule or Review to review a schedule already created
  4. Continue through the interview screens until you reach the screen titled Business Income - Income, then click Yes
  5. Click Continue or No until you reach the screen titled Business Income - Form 1099-K, then click Yes
  6. The program will proceed with the interview questions for you to enter or review the appropriate information

Schedule E:

  1. From within your TaxAct return (Online or Desktop), click on the Federal tab. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal.
  2. Click Rent or Royalty Income to expand the category, and then click Real estate rental income
  3. If prompted, click Add to create a new copy of the schedule or Review to review a schedule already created. If you are creating a new form, click Rental Income on the screen titled Rental and Royalty Income - Topics.
  4. Click Continue or No until you reach the screen titled Rental Income - Form 1099-K, then click Yes
  5. The program will proceed with the interview questions for you to enter or review the appropriate information

Schedule F:

  1. From within your TaxAct return (Online or Desktop), click on the Federal tab. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal.
  2. Click Business Income to expand the category, and then click Farming income or loss
  3. Click Add to create a new copy of the schedule or Review to review a schedule already created
  4. Continue through the interview screens until you reach the screen titled Farm Income - Income, then click Yes
  5. Click Continue or No until you reach the screen titled Business Income - Form 1099-K, then click Yes
  6. The program will proceed with the interview questions for you to enter or review the appropriate information