Hello - I sold a little on eBay last year and received a 1099-k. I entered that info in TurboTax under "other income". I'm not seeing now where I can enter my expenses (shipping costs, eBay fees, etc). Would think it would bring up Schedule C, but not seeing it. Does it have anything to do with us taking the "standard deduction"?
Thanks in advance for any help.
Was this business or personal items that you sold? If it was personal items that you sold, it would not be reported on Schedule C and the shipping and fees are not deductible.
If it is an eBay business then you would enter the 1099-K in the business income section using the steps below. This will also allow you to enter your expenses.
* Please note navigation may differ slightly depending on which version of TurboTax you are using
Thank you so much! So, I'm assuming because I chose "other income" vs "self-employment", that's why it is not giving me the option for expenses?