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
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.
Click Business Income to expand the category, and then click Business income or loss from a sole proprietorship
Click Add to create a new copy of the schedule or Review to review a schedule already created
Continue through the interview screens until you reach the screen titled Business Income - Income, then click Yes
Click Continue or No until you reach the screen titled Business Income - Form 1099-K, then click Yes
The program will proceed with the interview questions for you to enter or review the appropriate information
Schedule E
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.
Click Rent or Royalty Income to expand the category, and then click Real estate rental income
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.
Click Continue or No until you reach the screen titled Rental Income - Form 1099-K, then click Yes
The program will proceed with the interview questions for you to enter or review the appropriate information
Schedule F
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.
Click Business Income to expand the category, and then click Farming income or loss
Click Add to create a new copy of the schedule or Review to review a schedule already created
Continue through the interview screens until you reach the screen titled Farm Income - Income, then click Yes
Click Continue or No until you reach the screen titled Business Income - Form 1099-K, then click Yes
The program will proceed with the interview questions for you to enter or review the appropriate information
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