LeticiaF1
Expert Alumni

Get your taxes done using TurboTax

Yes, you are correct this is considered self-employment income, you will need to enter your income from the Form 1099-K you received on a Schedule C.  You will also be able to deduct your expenses you had to buy the items you are selling, the fees, and postage you paid.  

 

Refer to the following TurboTax help articles for steps on how to enter your form and more information on what expenses you can include.

 

How do I enter a 1099-K for self-employment income?

What self-employed expenses can I deduct?