Surprise 1099K from Paypal in Illinois. Do I need to file?

[sheldon won]

@KathrynG3 if I have to input this as a hobby, where to do it in turbo tax btw?

[Irene2805]

To enter your hobby income in TurboTax, please follow these steps:

1. Click on Federal > Wages & Income
2. Scroll down to Less Common Income and click the Start/Update box to to right of Miscellaneous Income, 1099-A, 1099-C
3. Click the Start box to the right of Hobby income and expenses.
4. Enter your information on the next screen, Enter your hobby income and expenses for 2020

@sheldon won

[sheldon won]

@Irene2805 @Thanks for the guide!

I should calculate and reflect the “profit” from my 1099k and fill them as 1099c or 1099a if that’s the case?

Not sure if this is still under your domain, will it affect my h1b?

[npierson7]

You should calculate your profit and report it either as self-employment income on Schedule C, if it was for-profit activity, or as Other miscellaneous income. It won't affect your visa in any case.  To report that income in TurboTax

1. Click Federal Taxes.
2. Then, Wages & Income. 
3. In the Self-Employment section next to Income and Expenses, click Start

Or, 1. Click Federal Taxes tab

2. Click Wages & Income

3. Select I'll choose what I work on option.

4. Scroll all the way down to the Miscellaneous Income, (under less common income) and click Start/Update