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@copland007   Because we do not know the nature of the income you received, as reflected on your 1099-K from Paypal, you might want to follow-up with us concerning whether the income you received is from self-employment (your own business), or if it was just items you sold and the buyers used their credit card to pay you.  Information of this type will assist us in determining whether any of the income you received is taxable, and if so, how much is taxable.  

Because you have a 1099-K, what follows is some information about how you can enter your 1099-K into TurboTax.  The following assumes the 1099-K reflects income from self-employment, in other words, income received from your own business.  As noted above, if you feel you were not engaged in a business, provide additional in a follow-up post explaining what you did to earn the income and why you feel you were not engaged in a business.  As a reminder, do not include personal identifiable information in any follow-up post.  

You will receive a Form 1099-K from each payment settlement entity from which you received payments in settlement of reportable payment transactions.  A reportable payment transaction is defined as a payment card transaction or a third-party network transaction. You received a Form 1099-K because a third-party payment processor paid $600 or more to you in the previous calendar year.

The income received on Form 1099-K should be included in the gross receipts of the taxpayer's business income. For a sole proprietor, Form 1099-K receipts are reported on Schedule C.  For a partnership or corporation, the income is reported as part of the company's gross revenue.

1. Open or continue your return
2. Search for Schedule C and select the Jump to link in the search results
3. Answer the questions about your business. On the Let's enter the income for your work screen, select Other self-employed income
4. If you’re returning to Schedule C, select Review or Edit next to your work and then answer the questions about your business
5. On the Tell us about other self-employed income for your work screen, enter your 1099-K info
6. Select Continue when finished

If you are entering income from a 1099-K, remember the 1099-K just reflects gross income and does not include any of your business expenses.  You’ll have a chance to enter self-employment expenses in another part of your return.

Here is a link to a TurboTax article that discusses how to enter 1099-K information into TurboTax.  Also included below is a link to an IRS webpage that discusses Form 1099-K.  You might find this information helpful.

How To Enter a 1099-K into TurboTax 

Understanding Form 1099-K