Hi DustinSpace,
Hope you are having a good day 🙂! Your 1099-K income could be reported on Schedule I, Line 8 of your 1040 as other income, if this is your hobby and have no intention of making a profit. Unfortunately, the new tax reform doesn't allow you to take any expenses related to this income, you'll be subject to ordinary tax rate depending on your income tax bracket.
Now, if this is a business, you would enter 1099-K income under Schedule C. You will also be able to enter the expenses related to that income. What about if you don't have the exact expense or purchase price? Well, you can give a reasonable estimated amount by searching for the items online and keeping record of it (in case of an audit).
Here's a resource for you to read further on the differences between a hobby and business: hobby vs business
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