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Get your taxes done using TurboTax
Hi pilgrim130!
Excellent question. TurboTax has already built in all the right questions to help you get those transactions reported properly, to avoid any issues with the IRS. First, you enter the 1099-K. Then, TurboTax will help you determine if the activity is a hobby, personal item sales, reselling, or something else, and apply the correct tax treatment. You can read more on that here: https://turbotax.intuit.com/tax-tips/general/did-you-get-a-form-1099-k-and-arent-self-employed...
‎June 28, 2023
9:21 AM
1,118 Views