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lanlanpan
New Member

I sold some random stuff on Ebay, received 1099-k. Turbo is not allowing me to file as 'other common income', WHY?

when I tried to enter the cost of goods sold and expenses, Turbo added a $2k ' other misc. expenses' on its own, out of no where.  Software is so messed up!!  How do I delete it?
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1 Reply
ColeenD3
Expert Alumni

I sold some random stuff on Ebay, received 1099-k. Turbo is not allowing me to file as 'other common income', WHY?

Cost of goods sold is used for business income on Schedule C. If you had a business, you would use that expense.

 

If you are not running a business, enter the income as other income.

 

Here's the general procedure for viewing the forms list and deleting unwanted forms, schedules, and worksheets in TurboTax Online:

  1. Open or continue your return in TurboTax.
  2. In the left menu, select Tax Tools and then Tools.
  3. In the pop-up window Tool Center, choose Delete a form.
  4. Select Delete next to the form/schedule/worksheet in the list and follow the instructions.

You can add it as Other Income.

  • Wages & Income
  • I'll choose what I work on
  • Less Common Income select Start (or Update) for 
  • Miscellaneous Income.
  • Other reportable income and you can enter your own description(s) and amount(s)

 

 

 

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