There is no concern for audit. You can use hobby income if you choose. The expenses will not be allowed as a deduction against hobby income.
Hobby or Other Income are both acceptable entries for this income.
Hobby Income:
To enter hobby income and expenses in TurboTax please follow these steps:
- Once in your tax return, click on Federal Taxes tab
- Choose Wages and Income
- Scroll down to Less Common Income and click Start to to right of Miscellaneous Income, 1099-A, 1099-C
- Click Start to right of Hobby income and expenses
Other Income:
Go to the Wages and Income section of TurboTax
- Scroll to Less Common Income > Select Miscellaneous Income, 1099-A, 1099-C
- Scroll to the bottom of the list to Select Other reportable Income > Enter a description (Book Sales) and the amount
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