I received a 1099-K from Eventbrite re: three events I organized in 2016 in which gross sales were $21K but my actual payout was $19K. I had over $19K in expenses for these events. Do I need to enter this 1099-K?
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Yes, you'll report the amount of income that is on the 1099-K along with the event expenses on Schedule C of Form 1040.
I do not know what Turbo Tax version you are working with, so I can't tell you if you have to upgrade to Turbo Tax Self Employed or if you already have it. You will not be able to enter the income and expenses if you are using Turbo Tax Free Edition, Deluxe, or Premier. Once you either upgrade to the Self Employed version, or start working in your already purchased Self Employed version, follow these steps in Turbo Tax to enter your business income and expenses...
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