I received 1099K for selling goods online. How do I report the cost of such goods if they were not purchased in the same online platform and not captured on the 1099 K?

posted

You need to enter the sales proceeds and cost of sales in the self-employment income section. Indicate that you have inventory and enter the goods purchased as purchases. Enter $0 for beginning and ending inventory of you don't have that.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I received 1099K for selling goods online. How do I report the cost of such goods if they were not purchased in the same online platform and not captured on the 1099 K?

in Self employed

Expert does your taxes

Do it yourself

Resources

Support

I received 1099K for selling goods online. How do I report the cost of such goods if they were not purchased in the same online platform and not captured on the 1099 K?

I received 1099K for selling goods online. How do I report the cost of such goods if they were not purchased in the same online platform and not captured on the 1099 K?

Get more help

Do you have a TurboTax Online account?

I received 1099K for selling goods online. How do I report the cost of such goods if they were not purchased in the same online platform and not captured on the 1099 K?

Do you have an Intuit account?

I received 1099K for selling goods online. How do I report the cost of such goods if they were not purchased in the same online platform and not captured on the 1099 K?

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert