Inside the Income section, directly under “Profit of Loss From a Business“, you will now see a menu for “Payment Card and Third Party Network Transactions” shown below. Opening this menu will provide guidance of where to report 1099-K income. If adding 1099-K entries on a return where a Schedule C already exists, you will have the option to either add the 1099-K income to the existing Schedule C or create a new Schedule C.
Note: If a 1099-K is provided for rental income received from services such as AirBnB, this income should be reported on a Schedule E.