I'm replying to this a month later to this question because I believe I've come across an epiphany in terms of what will happen
1. What has Happened at the moment since TurboTax has opened up again is that the TurboTax Free Edition does now allow 1099k entries most likely because of the new min threshold. Because I am just over the threshold, apparently, I don't owe taxes based on the TurboTax calculations when I put in the amount of money I earned from PayPal. It also doesn't show any place to put in total transactions outside of refunds, and 'family and friends' payments.
2. Based on my own online research and talking with other artist mutual, I can more optimistically corroborate you on the fact that I won't owe taxes on my PayPal purchases.
3. What happens in January will most likely be this. PayPal sends me a form, and I punch in their numbers onto my 1099k here on TurboTax. and Because of My W-2 forms I will most likely be getting a decent return as opposed to last year in the end.
Thanks again for all the help guys
Sincerely, Blue duck Boy
