Hi @PennyS
Thanks for your great question.
Since you are self employed you will not fill out a W4 but instead make estimated tax payments quarterly based on estimated net profit from your business. The new rules (which the IRS is still clarifying for 2023) will require vendors like Ebay and Etsy to report your sales to the IRS if over $600. The rule was delayed going into effect in 2022. Here is a link to an IRS resource you may find helpful:
IRS 1099K frequently asked questions
As for the estimated tax payments our Tax Caster program can help you to estimate the payment amounts that should be made quarterly to avoid a substantial year end balance due on your tax return. Here is a link to the Tax Caster and more information about estimated taxes:
Turbo Tax Tax Caster
How to make estimated tax payments
I hope you find this information helpful and feel free to ask more.
