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Casual eBay Seller Getting Ready for Tax Year 2022 1099-K
I’m a casual eBay seller. Next year I expect to receive a 1099-K from eBay for ~$1400 in gross sales. After I deduct all sales related expenses which amounts to ~$500, I will net ~ $900.
I don’t itemize my taxes. I believe I can use 1040 Schedule 1 for both additional income per Part 1, Line 8z and adjustment to additional income per Part 2, Line 24z; both amounts would be entered in 1040-SR Line 10 and Line 26.
Is there a way to make these entries using turbotax Deluxe PC desktop software?
January 5, 2022
5:16 AM