This income is reported on Schedule C as self-employment business income.
You would enter the gross income that you received and list the expenses including the cost of the items and any expenses from sending the items to the consignment service including mileage or shipping. If you use an area of your home exclusively for your business, you can also take a home office deduction.
To enter this income into your return, follow these steps:
In your return:
- Go to Income and Expenses
- Choose Self-employment income and expenses
- Click Add
- Follow the program and answer the questions about your income and any expenses
Please see this TurboTax Help article about self-employment. This TurboTax Tip has helpful information about the home office.
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