MarilynG1
Expert Alumni

Deductions & credits

It would be more beneficial for you to enter the 1099-K as Self-Employment Income.  Deduct the costs of items sold, vehicle expenses (mileage used to view/buy items), cell phone business use, costs of running a website, etc. to offset that income.

 

Type 'schedule c' in the Search area, then click on 'Jump to schedule c'. 

 

You will answer some questions about your Business, and TurboTax helps guide you in claiming expenses. 

 

Click this link for more info on Reporting Business Income and Expenses

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"