It depends. If you intend to
pursue this activity as a business with the
intent to earn a profit, then you would report this as self-employment income on Schedule C (subject
to self-employment income tax).
However, if this is
a hobby or occasional income with no profit
motive, you may report this as "Other
Income" on your personal tax return. You may include hobby expenses
up to the amount of hobby income, but you cannot report a loss on a hobby.
The distinction is especially important if you received Form 1099-MISC or 1099-K. This post may help
you decide which is most appropriate: What's the difference between
self-employment income and other income?
To find this section
in TurboTax, open your return, then go to My Account >> Tools >>
Topic Search. Type in "hobby income, loss", then click the topic in
the list and GO to go directly to the start of this section. Follow the prompts
to enter your hobby income and expenses.
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