That is a great question!
You'll report these Mercari sales as self-employed income when you file your 2023 federal and state income taxes.
You do not need to file any quarterly reports for these sales.
Report your Mercari Sales as self-employed income using Schedule C Profit or Loss from Business
To enter your Mercari self-employment in TurboTax follow these steps:
- Open or continue your return
- Search for schedule c and click the Jump to link in the search results
- Answer Yes to Did you have any self-employment income or expenses?
- If you've already entered self-employment work and need to enter more, select Add another line of work
- Follow the on-screen instructions to add your self-employment information.
Good Luck on your Mercari sales!
Hope this helps you understand how to report this income on your 2023 tax return
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