- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Because you received a 1099-K, this is considered a Business and filing a Schedule C is required. The good news is that you can claim Expenses against the income reported on your 1099-K.
Type 'schedule c' in the Search area, then click on 'Jump to schedule c' to make your entries.
Click the link for more detailed info on Reporting Business Income and Expenses.
Depending on what type of items you sold, you may want to look at the 'Cost of Goods Sold' section.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 24, 2020
12:12 PM