You would report your eBay income on a Schedule C. For tax purposes, self-employment income includes any part-time businesses or "side work" performed in which you are in business for yourself, rather than another person. You are also considered self-employed if you engage in business-like activities where you intend to make a profit.
In order to report your self-employment income in 2020, you will need to enter your gross earnings and your business expenses on your Schedule C. To access these fields in TurboTax, complete the following steps:
- Open your return in TurboTax.
- Search for Schedule C with the magnifying glass tool on the top of the page.
- Select the Jump to Schedule C link in the search results.
- Select Yes to the question Did you have any self-employment income or expenses?
- Follow the on-screen instructions to complete your Schedule C.
For additional information on being self-employed, please see Am I considered self-employed?.
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