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I stream on Twitch, how do I report my 1099-MISC as a hobby? I do not consider it to be a business endeavor.
I made enough revenue on Twitch for them to send me my 1099-MISC, but this is a hobby, and should be filed as such.
I see no option to use my 1099-MISC if I select hobby income. Do I simply match the amount I put in the hobby section to the "Royalty" section on the 1099-MISC? Do I also have the ability to add expenses for this hobby?
I tried adding it in the Hobby income section, but that seems to create a Tax Liability, which I want nothing to do with...
Assistance is appreciated.
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‎January 25, 2021
12:36 PM