1. It's not personal goods selling, kind of business sales, but I didn't received 1099-k from eBay, how to report it? You can report it as cash on Schedule C.
2. What kind of TurboTax product should I choose? Self-employed or Small business? You have the choice of doing it online in Self-employed or on desktop with Home and Business. It is just personal preference. With H&B, you pay up front and can see your forms at any time.
3. My parents has filed me as their dependent, am I still able to report this loss? Yes, just make sure you indicate that you are a dependent in the Personal Info section.
We'll automatically complete Schedule C when you set up your self-employment work in TurboTax or when you enter what the IRS considers self-employment income, which is usually reported on Form 1099-NEC or 1099-MISC.
Schedule C is supported in TurboTax Self-Employed (both online and in the mobile app) and in all personal 1040 versions of the TurboTax CD/Download software.
To set up your business:
- Open or continue your return.
- Search for schedule c and click the Jump to link in the search results.
- Answer Yes to Did you have any self-employment income or expenses?
- If you've already entered self-employment work and need to enter more, select Add another line of work.
- Follow the onscreen instructions.
