- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Since your hobby has become your main source of income, report it as Self-Employment Income on Schedule C.
You don't need a 1099-Misc or other document to report this income. Your PayPal account statements can be used for income documentation. Keep records of related expenses.
Click this link for detailed info on Self Employment Income & Expenses.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 15, 2021
11:15 AM