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My 1099-K's from both Ebay and Paypal have mixed business and hobby income. I can do this in Turbo Tax, right? Do I just split the amounts of business and hobby and enter as if it were two separate 1099-K's?
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If your 1099-K's have mixed income from business and hobbies, you are correct in that you’ll need to enter information from the forms more than once. The forms that are for business are entered differently to the ones that are for hobby or personal items. As you enter the forms, you should enter the amount only related to that business or hobby. To do this, see the TurboTax help articles below for each of the situations:
If your 1099-K's have mixed income from business and hobbies, you are correct in that you’ll need to enter information from the forms more than once. The forms that are for business are entered differently to the ones that are for hobby or personal items. As you enter the forms, you should enter the amount only related to that business or hobby. To do this, see the TurboTax help articles below for each of the situations:
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