Where do I enter the Deductions for E-Bay shipping and fees ?

My wife and I both sell merchandise on E-Bay. This year we both got Form 1099-K statements from PayPal because of the amount of gross sales we had (while the federal limit for these sales is $20,000, the Massachusetts limited is significantly less, like $600). I understand that it does not matter, if it is over $400 I have to report the income, but since the 1099-K is "gross sales", where do I subtract shipping and E-Bay fees ? The section on TurboTax for Business Deductions does not seem to have a section for those deductions, and there is no section for Miscellaneous. Which category should I use ?

5677

Expert Alumni

Feb 21, 2021 2:34:29 PM

To enter your shipping fees, E-Bay fees, supplies, etc. in TurboTax Online, while logged in and in your return:

Click on "Income & Expenses"
Next to "Self-employment income and expenses, click on Review
Scroll down to "Expenses", and click on "Add expenses for this work"
Select the category you want to add your expenses to.
Mark the button next to "Other miscellaneous expenes"
Scroll down and click on "Continue"
Enter a Description and an amount, then click "Add another row" to add more kinds of expenses.

You could also input under Office Expenses.

Level 1

Apr 15, 2021 7:18:14 AM

I am using the Windows version, not Online. Sorry I did make that clear.

Employee Tax Expert

Apr 15, 2021 7:34:16 AM

You can enter this into your desktop version by logging back into your TurboTax return.

Select the Business tab
Select Business Income and Expenses
Select I'll choose what I work on
Select Update to the right of Business Income and Expenses
Select Edit to the right of your business
Select Edit to the right of Other Common Business Expenses and enter your expenses here.

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Where do I enter the Deductions for E-Bay shipping and fees ?