srsevier
New Member

Get your taxes done using TurboTax

have a 1099K from Paypal where i sold or bought parts etc for my personal use.  i do not have a business, i am retired.  amount was $2509.69 and 32 transactions over the year (2020). can i just enter as other income since it isn't a business? i know i will owe the fed tax but it is confusing as it keeps asking about a business which i do not have.  also how will this roll over to my Illinois state taxes.  i called them and they said when i apply it to Federal it will generate to them.  i'm confused.  help