Yes, you may report hobby income and expenses equal to (but not more than) the hobby income.
To
find this section in TurboTax, open your return, then go to My Account >>
Tools >> Topic Search. Type in "hobby income, loss", then click
the topic in the list and GO to go directly to the start of this section.
Follow the prompts to enter your hobby income and expenses.
See also: IRS Business or Hobby? and Is Your Hobby a For-Profit Endeavor?
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