In addition to my question, please be advised that my partner and I have not filed any taxes for Etsy yet as this was our first year in business. By filing through turbo tax, does this count as paying the taxes?
I have a 1099K from Etsy and my own record of revenue, cost of goods sold and profit. Is this all I will need?
As noted in my question, we received one 1099K from Etsy but the income was then split between me and my partner. Do I write down half of what is mentioned on the 1099K?
