Dear all,
I need some help reporting Form 1099-K. I have received it from Paypal for an amount of around $500 in total transactions of the year (mainly related to selling old books through eBay).
I am an employee working for a company (I receive the W2).
When I go to the section Other Common Income in TurboTax, and select Income from Form 1099-K there is the following message: "We don't need to create a separate entry .... because the income of the form should be already included in other income, as your self-employment or rental income". The problem is that I do not have income as self-employed, so I do not know where to report Form 1099-K.
Any suggestion is welcomed.
Thanks!
Ps: my wife is self-employed and we have the Home & Biz. TurboTax edition. However, Form 1099-K has my name on it.
