Tax Slayer entry:
Federal Section > Income > Profit or Loss From a Business (Schedule C) > Income
- This form reports credit card payments for self-employed income over $20,000.
- All entries are made on Schedule C as Gross Income. There is no Form 1099-K input page.
- If an amount is present in Box 4 or 8, instead create a 1099-MISC to record the income and withholding amounts.