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Get your taxes done using TurboTax
Are you saying that you will be receiving two 1099-K forms? One from ebay and one from paypal?
It sounds like you are reporting self-employment income for the IRS form 1099-K activity. Or maybe there are two self-employment activities? One from ebay and one from paypal?
In TurboTax Premium, you would establish one (or two?) self-employment activities under Federal / Wages & Income / Self-employment income and expense.
If you ran your costs through Inventory, at year-end you would report the Cost of Sales for your product and may reflect a balance in unsold product Inventory.
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‎January 27, 2025
5:51 PM