You will need to report this income under Business Income and Expense. Here are the steps:
In TurboTax online,
- After sign into your account, select Pick up where you left off
- From the upper right menu, select Search and type in schedule c and Enter
- Select the Jump to schedule c
- Next screen, "Your 2020 work summary" under your self employed business, select Review
- Continue to enter related expenses and other required information
See IRS instructions, click here: https://www.irs.gov/pub/irs-pdf/f1099msc.pdf
The net profit will show on line 8 of your Schedule 1 and Form 1040.
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