https://ttlc.intuit.com/community/self-employed-group/discussion/re-selling-on-mercari/01/2768676#M7057 <P>You would need to report the income on your tax return and pay the tax on it.</P> <P style="margin: 0in; background: #F4F5F8;"><SPAN>There are 2 ways to report the income.</SPAN></P> <P style="margin: 0in; background: #F4F5F8; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;"><SPAN>1. If it is a hobby then the income is reported on schedule 1 for the full amount of the 1099 no expenses allowed to be taken</SPAN></P> <P style="margin: 0in; background: #F4F5F8; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;"><SPAN>2. If it is a business then it would be reported on a schedule C (self-employed income). Yu would report the 1099 as income and then deduct the expenses you have against making that income.</SPAN></P> <P style="margin: 0in; background: #F4F5F8; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;"><SPAN>&nbsp;</SPAN></P> <P style="margin: 0in; background: #F4F5F8; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;"><SPAN>Here are a few helpful links</SPAN></P> <P style="margin: 0in; background: #F4F5F8; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;"><SPAN><A style="box-sizing: border-box;" href="https://turbotax.intuit.com/tax-tips/small-business-taxes/when-the-irs-classifies-your-business-as-a-hobby/L5NClTTtK" target="_blank" rel="noopener">https://turbotax.intuit.com/tax-tips/small-business-taxes/when-the-irs-classifies-your-business-as-a...</A></SPAN></P> <P style="margin: 0in; background: #F4F5F8; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;"><SPAN><A style="box-sizing: border-box;" href="https://turbotax.intuit.com/tax-tips/self-employment-taxes/4-tax-tips-for-money-making-hobbies/L89qz1GNj" target="_blank" rel="noopener">https://turbotax.intuit.com/tax-tips/self-employment-taxes/4-tax-tips-for-money-making-hobbies/L89qz...</A></SPAN></P> <P style="margin: 0in; background: #F4F5F8; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;"><SPAN><A style="box-sizing: border-box;" href="https://turbotax.intuit.com/tax-tips/self-employment-taxes/beginners-tax-guide-for-the-self-employed/L2HLojrj5" target="_blank" rel="noopener">https://turbotax.intuit.com/tax-tips/self-employment-taxes/beginners-tax-guide-for-the-self-employed...</A></SPAN></P> Wed, 31 Aug 2022 18:56:26 GMT John-H2021 2022-08-31T18:56:26Z https://ttlc.intuit.com/community/self-employed-group/discussion/selling-on-mercari/01/2768268#M7056 <P>Hi!&nbsp; I made more than $600 by selling things from around my house.&nbsp; How does this impact my taxes?&nbsp;&nbsp;</P> Tue, 10 Mar 2026 05:44:45 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/selling-on-mercari/01/2768268#M7056 Katekhet 2026-03-10T05:44:45Z https://ttlc.intuit.com/community/self-employed-group/discussion/re-selling-on-mercari/01/2768676#M7057 <P>You would need to report the income on your tax return and pay the tax on it.</P> <P style="margin: 0in; background: #F4F5F8;"><SPAN>There are 2 ways to report the income.</SPAN></P> <P style="margin: 0in; background: #F4F5F8; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;"><SPAN>1. If it is a hobby then the income is reported on schedule 1 for the full amount of the 1099 no expenses allowed to be taken</SPAN></P> <P style="margin: 0in; background: #F4F5F8; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;"><SPAN>2. If it is a business then it would be reported on a schedule C (self-employed income). Yu would report the 1099 as income and then deduct the expenses you have against making that income.</SPAN></P> <P style="margin: 0in; background: #F4F5F8; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;"><SPAN>&nbsp;</SPAN></P> <P style="margin: 0in; background: #F4F5F8; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;"><SPAN>Here are a few helpful links</SPAN></P> <P style="margin: 0in; background: #F4F5F8; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;"><SPAN><A style="box-sizing: border-box;" href="https://turbotax.intuit.com/tax-tips/small-business-taxes/when-the-irs-classifies-your-business-as-a-hobby/L5NClTTtK" target="_blank" rel="noopener">https://turbotax.intuit.com/tax-tips/small-business-taxes/when-the-irs-classifies-your-business-as-a...</A></SPAN></P> <P style="margin: 0in; background: #F4F5F8; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;"><SPAN><A style="box-sizing: border-box;" href="https://turbotax.intuit.com/tax-tips/self-employment-taxes/4-tax-tips-for-money-making-hobbies/L89qz1GNj" target="_blank" rel="noopener">https://turbotax.intuit.com/tax-tips/self-employment-taxes/4-tax-tips-for-money-making-hobbies/L89qz...</A></SPAN></P> <P style="margin: 0in; background: #F4F5F8; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;"><SPAN><A style="box-sizing: border-box;" href="https://turbotax.intuit.com/tax-tips/self-employment-taxes/beginners-tax-guide-for-the-self-employed/L2HLojrj5" target="_blank" rel="noopener">https://turbotax.intuit.com/tax-tips/self-employment-taxes/beginners-tax-guide-for-the-self-employed...</A></SPAN></P> Wed, 31 Aug 2022 18:56:26 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/re-selling-on-mercari/01/2768676#M7057 John-H2021 2022-08-31T18:56:26Z