To record this activity in TurboTax Business, go to Federal Taxes:
Choose Income >> Business Income. You can right-click on any entry box to Add Supporting Details. This allows you to line-item the income to more than one activity, if needed. Supporting details are NOT included on your tax return.
If you have depreciable assets for this activity, enter them under Deductions >> Depreciation of Assets.
Any expenses for this activity go under Deductions >> Business Expenses. Most of your expenses will go under "Common business expenses" unless there is a separate category that applies. Again, use the Add Supporting Details option if needed.
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