turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Skwong510
New Member

How do I report my ebay sales when I did not receive a 1099-K form?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies
ColeenD3
Expert Alumni

How do I report my ebay sales when I did not receive a 1099-K form?

Do you have a business? If so, you can include the income as cash.

 

  1. On the top right corner of TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner).
  2. Type in “schedule c” (or for CD/downloaded TurboTax, click Find).
  3. Click on “Jump to schedule c”.
  4. Click on the blue “Jump to schedule c” link

 

 

Skwong510
New Member

How do I report my ebay sales when I did not receive a 1099-K form?

I don't have a business. Just made some money and unsure how to report it as tax since I did not make the threshold amount to get a 1099-K.

How do I report my ebay sales when I did not receive a 1099-K form?

If you are new to being self employed, are not incorporated or in a partnership  and  are acting as your own bookkeeper and tax preparer you need to get educated ....  

If you have net self employment income of $400 or more you have to file a schedule C in your personal 1040 return for self employment business income. You may get a 1099-Misc for some of your income but you need to report all your income.  So you need to keep your own good records. Here is some reading material……

IRS information on Self Employment….
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employed-Individuals-Tax-Center 

Publication 334, Tax Guide for Small Business
http://www.irs.gov/pub/irs-pdf/p334.pdf 

Publication 535 Business Expenses
http://www.irs.gov/pub/irs-pdf/p535.pdf 

Home Office Expenses … Business Use of the Home

https://www.irs.gov/businesses/small-businesses-self-employed/home-office-deduction

https://www.irs.gov/pub/irs-pdf/p587.pdf

Publication 946 … Depreciation

https://www.irs.gov/pub/irs-pdf/p946.pdf

          

There is also QuickBooks Self Employment bundle you can check out which includes one Turbo Tax Self Employed return and will help you keep up in your bookkeeping all year along with calculating the estimated payments needed ....
http://quickbooks.intuit.com/self-employed



JeffreyR77
Expert Alumni

How do I report my ebay sales when I did not receive a 1099-K form?

If the sales we personal property, you can sell personal property and not generate taxable income.  If this was other than taxable income you can report the income in TurboTax by going to Wages and Income,  Less Common Income. Miscellaneous Income, Other Taxable Income:

 

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question