You should report the income from the flea market booth on Schedule C. For tax purposes, you are self-employed. You are also able to deduct expenses from this work, such as supplies.
Here's how to report your flea market business in TurboTax Online:
- Navigate to Federal > Wages & Income > Self-employment income and expenses > Start
- Answer "Yes" to the question "Did you have any self-employment income or expenses?"
- Give a description of the business, such as "Flea Market Sales" or a description of your choice
- Continue until the interview asks "how does your work fit into your big picture?", based on the information you provided, it's a side job and/or a business.
- Answer all the informational questions until you get to the screen "Let's enter the income for your work." Here, enter that you received common income- Other self-employed income, including cash and checks; then enter what your were paid.
- Once you've entered your income, type in your expenses in the proper categories, TurboTax Online will recommend popular categories, but refer to your records to ensure you are deducting all of your expenses
