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Get your taxes done using TurboTax
You have two ways to report this. You can report this as Hobby Income but the federal government does not allow hobby expenses to be deducted. Some states still allow this however depending on the state where you live. To report as hobby income,
- Sign in to your TurboTax account.
- Click on Federal Taxes tab.
- Choose Wages and Income.
- Scroll down to Less Common Income and click Start to to right of Miscellaneous Income.
- Click Start to right of Hobby income and expenses.
If you wish to claim deductions against this income, you will need to declare this as self-employment income to take advantage of the deductions.
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‎January 26, 2022
12:48 PM