Yes, all income needs to be reported, even if it's from a hobby. Prior to the tax year 2018, hobby-related expenses could be deducted, but this is no longer the case. Please follow the directions below to enter your income as hobby income:
- Log in and open your return.
- Click the Federal tab from the left side of the screen.'
- Click the Wages & Income tab, unless already on the landing screen.
- Scroll down to Less Common Income and click Start beside Miscellaneous Income, 1099-A, 1099-C
- Click Start beside Hobby Income and Expenses
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