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brian7184
New Member

Hobby income

If i have non-taxable hobby income, can i enter my 1099-k income and then cancel it out under "other income"?  I heard its not taxable and this was how you do that.

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‎January 8, 2025 4:30 PM
last updated ‎January 08, 2025 4:30 PM
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DoninGA
Level 15
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Hobby income

Hobby income is taxable on a federal tax return.

Go to this IRS website for information - https://www.irs.gov/newsroom/heres-what-taxpayers-need-to-know-about-paying-taxes-on-their-hobby-act...

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‎January 8, 2025 4:40 PM
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1 Reply
DoninGA
Level 15
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Hobby income

Hobby income is taxable on a federal tax return.

Go to this IRS website for information - https://www.irs.gov/newsroom/heres-what-taxpayers-need-to-know-about-paying-taxes-on-their-hobby-act...

‎January 8, 2025 4:40 PM
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