I know that a 1099-K shows the gross total of transactions, but I have entered it in the business income section of turbotax under 1099-K Income, yet it doesnt seem to be contributing that to my taxable income...Is there a second part to this that I am missing?
I assume that I can just include fees and tax in some part of the business expenses section, to get me to the actual amount of money I was paid by Etsy, but I am not sure which category.
Thanks in advance!
