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I sold 2 things i had for 3,700.00 how do i claim it on my tax

a slo i had income from hobby, i made 3100.00 how do claim it
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1 Reply
AliS
New Member

I sold 2 things i had for 3,700.00 how do i claim it on my tax

Hobby income is considered “Miscellaneous Income” by the IRS.

Please see the steps below to navigate to the “Other Income” portion of your TurboTax interview.

  • Sign in to your TurboTax Online Account

  • Select “Continue your Return

  • Click “My Account” located on the right side of the blue menu bar at the top of your screen (a screen shot has been provided)

  • Select “Tools

  • Click “Topic Search”, type in “Hobby Income” and select “Go

  • Review and/or edit the information on each screen as necessary

If you would like to learn more about reporting your hobby income and also allowable hobby deductions, please refer to the links below.

https://ttlc.intuit.com/questions/1900335-do-i-have-to-report-hobby-income

https://www.irs.gov/uac/Newsroom/Five-Basic-Tax-Tips-about-Hobbies


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