Get your taxes done using TurboTax

If this activity on your 1099K is strictly a hobby, here is how to report your 1099K Hobby income.

1. Sign in to your TurboTax account.
2. Click on Federal Taxes tab.
3. Choose Wages and Income.
4. Scroll down to Other Common Income
5. Select 1099K
6. As you navigate through the screen, here will be a check box in the section where you will select Hobby income.  enter the full amount of your hobby income.

Now here is how to enter the expenses for your Hobby income. Do not enter expenses that are more than your hobby income.

1. Click on Federal Taxes tab.
2. Choose Wages and Income.
3. Scroll down to Less Common Income and click Start to to right of Miscellaneous Income, 1099-A, 1099-C.
4. Go to other reportable income
5. When you get to the description box, give it a description such as 1099K- hobby expenses and then enter the expenses with a minus sign in front of the number. This will report as a negative number that will offset some of your income.

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