ErnieS0
Expert Alumni

Get your taxes done using TurboTax

Yes. Hobby income is taxable, so you have to report it. PayPal sends a copy of Form 1099-K to IRS so they will know about it @HarperGriffin.

 

  1. Tap Federal in the left column
  2. Select Wages & Income at the top
  3. Go to Less Common Income
  4. Start Miscellaneous Income, 1099-A, 1099-C
  5. Select Hobby income and expenses
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