RobertB4444
Expert Alumni

Deductions & credits

You start by going to the self-employment section of the federal return.  You'll find that under "Wages and Income".  Scroll down to self-employment and click start.  Then the system will ask you a series of questions.  Answer them as best you can.  You'll  enter the $5000 that you made and you'll also have a space to enter the expenses that you had.  Your sister is paying the rent at the flea market stall so you don't have an expense for that but you do have costs for the stuff that you sold as well as for shipping.  Enter in all of the costs that you can find and the system will work out what amount is taxable for you.

 

@ssaallc 

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