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Get your taxes done using TurboTax
You can report this income in TurboTax Deluxe. Navigate to Federal, Income and Expenses, Other Common Income and select the Start box to the right of Tax Refunds, 1099-G , 1099-NEC, 1099-MISC, 1099K.
The IRS requires you to report all of your income regardless of source. The limits you are referencing is the reporting requirements they have on vendors on the amounts they are required to report to the IRS on various activities.
Those limits do not affect you still needing to report all of your income on your tax return.
The Tax Cuts and Jobs Act of 2017 eliminated the ability to deduct any expenses related to hobby income.
‎February 3, 2021
3:40 PM