If you want to deduct expenses, you will have to file a Schedule C as a business. Hobby losses are not deductible in 2020.
To enter hobby income in TurboTax please follow these steps:
- Sign in to your TurboTax account
- Click on Federal Taxes tab
- Choose Wages and Income
- Scroll down to Less Common Income and click Start to to right of Miscellaneous Income, 1099-A, 1099-C
- Click Start to right of Hobby income
