pk
Level 15
Level 15

Get your taxes done using TurboTax

@polestol  assuming that your business is a sole proprietor one , you report the 1099-K, the cost of Goods etc. all on Schedule-C.  Note that your net income is subject to SECA Taxes -- Schedule-SE  (  equivalent to FICA of wage earners but at the full 15.3% ).