I am a casual Ebay seller but have a business Paypal account for the debit card. I just received a form 1099-K because the total number of transactions are >200 for the year. Out of these, only 3-4 are Ebay sales amounting to about $700, but the total amount on the 1099-K is about $1800 and includes cashback received from Rakuten or other cashback websites, or other small income (online surveys, etc, which would not be enough to otherwise trigger a 1099-MISC but happy to report it regardless).
My question is : How and where should I enter this information in Turbo and here and how do I justify this difference? Should I only be paying taxes on the profits on the eBay sales and deduct any eBay/ Shipping fees etc?
Happy to upgrade to TurboTax (currently Premier) if needed. Will I need to file by mail, or can the explanation be mailed separately?
