I received a 1099K because I'm a VA resident and broke the $600 rule. Now and than I sell some stuff on eBay but did not make a profit.
After hours of Googling I don't understand where to enter this. I purchased Turbo Tax Home and Business (Download from Amazon) Do I have to pay taxes on this. I mean I'm paying taxes on what I paid for shipping labels for my hobby.
I have read several post stating I can report as other income and write it off. Other post say report in investment income and write off with losses. But none of the directions match up with what I see on my screen.
I tried starting a schedule C but should I use my name and home address as the business. I didnt see anything to enter the information that is on the 1099k. Very confusing please help!
