What is it?
Payment Card and Third Party Network Transactions - is a supporting document of income.
Where to put?
This form is a supporting document. It is not directly input into any of our software packages.
It is used to show your client had income. They may have had other income too.
Is the form Supported in our program?: As this is a reporting form, 1099K, itself doesn't enter into the return. Its information gets reported on forms that report income, such as Sch C, E, F, Corporate, and Partnership Returns.
How to access the form: Not in our system. Income is reported as part of the total income for the form.
Limits to the form: No Limits.
IRS Publication: https://www.irs.gov/forms-pubs/about-form-1099-k
